During a time when service providers are being more conservative about spending, ADTRAN (Nasdaq: ADTN) appears to be unscathed as the vendor reported $175.2 million in Q4 2011 revenues, up 6 percent year-on-year, and earnings per share of $0.48.
One minor blemish in the Q4 report was that net income declined to $31.1 million from $35,960,000 for Q4 2010.
For the year 2011, ADTRAN surpassed Wall Street analyst expectations with $717.2 million in revenues, up from the $605.6 it reported for 2010.
In 2012, ADTRAN's earnings coffers will become even larger with the acquisition of Nokia Siemens Networks' wireline division.
As has been the trend in previous quarters, the vendor saw continued growth in its three main segments: broadband access, internetworking and optical access. Once again, broadband access was the leader, growing 49 percent, followed by internetworking, which grew 37 percent in the quarter.
ADTRAN's Q4 growth is a bit of an anomaly as other vendors such as Acme Packet (Nasdaq: APKT) and Juniper Networks (NYSE: JNPR) lowered their expectations due to slower than expected carrier spending patterns.
For more:
- see the release
Special report: The most important M&As of 2011
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