ADTRAN (Nasdaq: ADTN) sales up again in Q3

ADTRAN (Nasdaq: ADTN) rode a sales wave in Q3. During the quarter, sales increased 27 percent to $162 million up from $128 million in Q3 2009.

Company operating income was up 56 percent to $45 million over $28 million in Q3, while net income increased 49 percent to $32 million for the quarter, compared to $21 million in Q3 09.  

Once again, the big contributors to ADTRAN's results were its broadband and internetworking segments. Although ADTRAN is a well known broadband supplier to Tier 1 incumbent service providers such as AT&T and Verizon, it has in recent months been winning a number of contract awards with Tier 2-3 ILECs stemming from the Obama administration's broadband stimulus program.

"Our Broadband Access category led this increase achieving 53 percent growth over the prior year, setting a new record level," said Tom Stanton, ADTRAN's CEO. "This was followed by our Internetworking category which posted 39 percent year over year growth, also achieving a record level."

For more:
- see the release

Related articles:
ADTRAN's Q2 results beat analyst expectations
ADTRAN: Broadband boosts Q1 2010 revenue
Frontier puts ADTRAN to work for its broadband expansion plans
Korea Telecom extends Ethernet to SMEs via ADTRAN

Suggested Articles

Despite some challenges, organizations of all sizes are using containers in more of their initiatives, including AI and machine learning.

On Monday the FCC announced that it had it authorized more than $563 million in funding to expand rural broadband services in 24 states.

Driven by 200 Gbps wavelength shipments, coherent DWDM revenue will reach $16 billion by 2023, according to a report.