01-15-2015, 02:04 PM
(This post was last modified: 01-15-2015, 02:05 PM by panamaniac.)
From the Record:
Sandvine Q4 profits rise 43 per cent
Waterloo Region Record
By Record staff
WATERLOO — Sandvine's fourth-quarter profits increased 43 per cent as the company acquired more customers for its Internet network management tools.
The Waterloo-based company said Thursday it earned $8.1 million US in the three months ended Nov. 30, up from $5.6 million US in the same period a year ago.
Sales jumped 11 per cent to $34.2 million US.
For the year, Sandvine's revenue increased 16 per cent to $123.4 million US while its net income climbed 78 per cent to $23 million US.
"This was an excellent year for Sandvine," Dave Caputo, Sandvine's chief executive officer said in a news release.
"We finished 2014 with record quarterly revenue. I am pleased that we managed to improve profitability for the year while continuing to invest in our business and launch industry-leading new products like the PTS 32000."
The PTS 3200 is like a black box for the Internet. It allows Internet service providers to monitor traffic and take appropriate actions.
Sandvine said it picked up 36 new customers in fiscal 2014 and also had large existing customers increase their deployment of its technology.
Sandvine Q4 profits rise 43 per cent
Waterloo Region Record
By Record staff
WATERLOO — Sandvine's fourth-quarter profits increased 43 per cent as the company acquired more customers for its Internet network management tools.
The Waterloo-based company said Thursday it earned $8.1 million US in the three months ended Nov. 30, up from $5.6 million US in the same period a year ago.
Sales jumped 11 per cent to $34.2 million US.
For the year, Sandvine's revenue increased 16 per cent to $123.4 million US while its net income climbed 78 per cent to $23 million US.
"This was an excellent year for Sandvine," Dave Caputo, Sandvine's chief executive officer said in a news release.
"We finished 2014 with record quarterly revenue. I am pleased that we managed to improve profitability for the year while continuing to invest in our business and launch industry-leading new products like the PTS 32000."
The PTS 3200 is like a black box for the Internet. It allows Internet service providers to monitor traffic and take appropriate actions.
Sandvine said it picked up 36 new customers in fiscal 2014 and also had large existing customers increase their deployment of its technology.