ADTRAN Q4 revenue jumps to $159M on strong broadband, optical networking gains

ADTRAN (Nasdaq: ADTN) reported in the fourth quarter 2013 that an increase in broadband access and optical product sales contributed to $159 million in revenue in the quarter, up year-over-year from $139.7 million in Q4 2012.

The company's operating revenue was $10.6 million, an increase over the $2.87 million it reported in the same period a year ago. Likewise, its net income rose year-over-year to $11.8 million from $3.96 million.

The vendor said its three core product areas--Broadband Access, Internetworking and Optical--were up collectively 25 percent year-over-year to $143 million. Broadband Access led the group with $88.5 million in revenues, while Optical and Internetworking reported $14.1 and $40.2 million in revenues, respectively.

On a regional basis, the United States was the clear leader with $107.1 million in revenue for ADTRAN, but international market revenues climbed to $51.9 million.

Tom Stanton, CEO of ADTRAN, said in the earnings release that "strong performances in EMEA and Latin America helped drive our international revenue up 78 percent."

However, ADTRAN did report losses, particularly in its HDSL and Loop Access product lines, which declined year-over-year to $8.5 million and $9.1 million from $15.6 million and $16.7 million, respectively. Declines in these segments reflect the telecom industry's ongoing migration away from TDM-based access to IP- and Ethernet-based services.

Shares of ADTRAN were up slightly in trading after the news on the Nasdaq stock exchange.

For more:
- see the earnings release

Related articles:
ADTRAN reports higher Q3 profits, 75% income spike
ADTRAN's Q2 rises to $162 million on strong broadband access, optical sales
Alcatel-Lucent takes lead in VDSL segment, says Dell'Oro
ADTRAN boosts Sycamore Telephone's $4.1 million FTTH upgrade in rural Ohio

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceTelecom!

The Telecom industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceTelecom as their must-read source for the latest news, analysis and data on the intersection of telecom and media. Sign up today to get telecom news and updates delivered to your inbox and read on the go.

Suggested Articles

CyrusOne announced five new on-ramps to Google Cloud in order to provision direct connectivity for hybrid cloud deployments.

Verizon has bold ambitions to have its 5G Ultra Wideband enabled in 60 cities by the end of this year, but to do that it needs more fiber.

While Cisco has long dabbled in white box deployments as part of its network disaggregation efforts, it's not quite ready to jump in with both feet.