ADTRAN (Nasdaq: ADTN) posted another quarter of growth in Q1 2011 with $166 million in sales, up from $127 million in Q1 2010. Likewise, operating income in Q1 was $46 million, an 80 percent increase over the $23.5 million it reported a year ago.
Once again, the key growth drivers for ADTRAN were seen in three domains: broadband access, internetworking, and optical access.
Buoyed by ongoing deployments of its Total Access 5000 platform by both Tier 1 service providers and Tier 2-3 providers that are building out broadband networks from their stimulus grants, ADTRAN's broadband access revenue grew 42 percent over Q1 2010.
No less impressive were ADTRAN's internetworking and optical segments, which grew 48 percent and 86 percent, respectively.
Tom Stanton, ADTRAN's CEO said growth in the internetworking segment was "fueled by channel expansion and growing acceptance of new applications," while the optical segment benefitted by wireless consumer's "increasing demand for mobile data" from their wireless operators.
- see the release
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