Tech company Sandvine reports Q2 profit of US$4.4M on higher revenues
WATERLOO, Ont. - Tech company Sandvine reported a higher second-quarter net profit of US$4.4 million with revenues from its global customers increasing 26 per cent.
Sandvine says its revenues were $29.7 million, compared with $23.5 million year-over-year for its services that help cable and mobile phone companies manage their network traffic.
The company earned 28 cents per diluted share, compared with $900,000, or less than a penny, in the same quarter last year.
The Waterloo, Ont., company also says it gained seven new customers in the quarter.
Sandvine's (TSX:SVC) services are used in more than 250 networks in over 90 countries, serving hundreds of millions of data subscribers globally.
It says that if the current economic and political climate in Argentina continues or deteriorates, it may negatively impact its financial results.
Read more Business News
- Racism in SummerlandPenticton / S. Okanagan - 11:30 am
- Cops cleared of excessive forceBC - 2:57 pm
- Car goes into lakePenticton / S. Okanagan - 2:55 pm
- Investing in firefightersPenticton / S. Okanagan - 2:57 pm
|QHR Technologies Inc||1.17||+0.05|
|Anavex Life Sciences||0.192||+0.001|
|Copper Mountain Mining||2.17||+0.18|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.46||+0.01|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...