ADTRAN's strong optical, broadband access results drive up Q1 sales to $143 million

ADTRAN (Nasdaq: ADTN) made a comeback in Q1 2013, reporting gains in both the broadband access and optical segments of its carrier product division.

The company reported $72.2 million and $8.8 million in revenues, for broadband access and optical access, respectively. In addition, internetworking revenues, which include its NetVanta and Multi-service Access Gateways, reached $36.9 million.

As expected, the vendor reported that legacy product revenues, including its HDSL business, declined slightly to $24.9 million sequentially.

From a regional perspective, U.S. sales were $108 million and international were $34.9 million.

During the quarter, overall sales were $143 million, up from $134 million in Q1 2012. However, net income declined year-over-year to $7.8 million from $12.9 million in Q1 2012.

"Operating results for the quarter came in as expected with our domestic carrier business continuing to solidify and our overall revenue positively impacted by sequential growth internationally and in our Enterprise business," said Tom Stanton, CEO of ADTRAN, in the earnings release.

Shares of ADTRAN were listed at $22.04, up $2.33, or 11.80 percent, in Wednesday morning trading on the Nasdaq stock exchange.

For more:
- see the earnings release

Special report: Bonding telcos' love affair with copper through VDSL2

Related articles:
ADTRAN, Alcatel-Lucent, others participate in VDSL2 plugfest at Univ. of New Hampshire
ADTRAN's Q4 sales slide to $139.7 million
Greece's Forthnet launches FTTH pilot in Athens
VDSL equipment revenue rose 15% in Q2, says Dell'Oro

Suggested Articles

U.K. broadband provider CityFibre is targeting 14 more cities for its all-fiber gigabit service.

While Cisco has embraced the concept of disaggregation, service providers need to carefully consider how they will implement it.

President Donald Trump raised the possibility that he may look into the Pentagon's $10 billion JEDI cloud contract for either AWS or Microsoft.