Thursday, April 21, 2016

ADVA Hits Sales of EUR 122.0 Million in Q1 2016

ADVA Optical Networking reported Q1 2016 revenues of EUR 122.0 million, up 27.6% year-on-year (YoY) and in line with the company's guidance.

Pro forma operating income in Q1 2016 stood at EUR 2.0 million or 1.6% of revenues, which represents a EUR 1.7 million YoY decrease (Q1 2015: EUR 3.7 million) and is in line with the previously announced guidance. The operating income came to EUR 1.0 million (Q1 2015: EUR 3.3 million).

“We were absolutely right with the assessments we communicated in 2015,” commented Brian Protiva, CEO, ADVA Optical Networking. “The demand for data center interconnect (DCI) technology continues to grow, and 100G solutions in metro networks are gaining momentum.”

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