Sandvine Reports Q1 685724

Sandvine reported revenue of $19.2M and a GAAP loss of $2.7M for Q1 2011

April 6, 2011

1 Min Read

WATERLOO, Ontario -- Sandvine, (TSX:SVC)(AIM:SAND) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today reported revenue of $19.2 million and a GAAP loss of $2.7 million (non-GAAP(1): $1.9 million loss) for its first quarter of 2011. All results are reported in U.S. dollars.

"Since last quarter Sandvine has continued to expand the role we play in broadband networks," said Dave Caputo, Sandvine's President and Chief Executive Officer. "Our new Policy Traffic Switch 22000 platform is ideal for network edge deployments, where there are unique opportunities to help service providers manage traffic to increase revenue opportunities and run their networks more efficiently. Also, our new joint solution with Citrix gives mobile operators an excellent tool to enhance subscribers' quality of experience, reduce traffic in the busy mobile packet core network and create innovative new data roaming plans."

Sandvine Inc.

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