Sandvine Posts $1.7M Q1 ProfitSandvine Posts $1.7M Q1 Profit

Sandvine reports Q1 2013 results

April 11, 2013

1 Min Read

WATERLOO, Canada -- Sandvine, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today reported $25.0 million in revenue for its first quarter of 2013, non-IFRS income of $2.2 million and net income of $1.7 million. The results represent record first quarter revenue. All results are reported in U.S. dollars under International Financial Reporting Standards (IFRS), unless otherwise specified.“The first quarter demonstrated continued progress. Revenue was up 25% from the first quarter of 2012, we were profitable, and we grew our cash balance,” said Dave Caputo, Sandvine’s President and CEO. “Success in securing large expansion orders from major existing customers and improved results from the EMEA sales region were key business drivers in the first quarter. Both of these factors will remain important to continued success through the remainder of 2013.”Sandvine Inc.

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