ADVA beats Q1 2010 earnings guidance

While service provider's spending cutbacks have hurt much of the telecom equipment industry, ADVA Optical Networking held its own in Q1 2010.

ADVA Optical Networking's Q1 2010 revenues of $83.7 million were above guidance of $75.5 million and $82.1 million, a 10.9 percent increase over Q1 09 at $75.3 million and up six percent vs. $78.9 million in Q4 2009.  

Similar to Q4 09, Ethernet access was once again the company's shining product gem in Q1 2010. A major contributor to its Ethernet success was sales in the EMEA region where revenues grew 12.5 percent to $59.5 million. Not far behind EMEA were te Asia Pacific and the Americas. While revenues in the Americas rose from $16.8 million in Q1 2009 to EUR $18.6 million in Q1 2010, Asia-Pacific revenues declined slightly from $5.82 million in Q1 2009 to $5.5 million in Q1 2010.

Going forward, ADVA Optical Networking believes that the Optical Ethernet metro network market will grow 13 percent this year and by an average of 15 percent per year through 2012. ADVA's bet on Optical Ethernet is based on two trends. Service providers are not expanding their triple play service sets for consumers, but they are finding more of their enterprise customer base looking to transition from legacy ATM and Frame Relay to Ethernet for their multi-site businesses.  

For more:
- see the release here

Related articles:
ADVA Optical brings light to KDDI's managed WDM service
ADVA Optical: Carrier Ethernet sales drove 2009's revenues
Merit Network lights up 10 Gbps core


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

Flume has launched with the goal of providing fast, affordable internet connections to at least 600,000 low-income residents in New York City.

Comcast announced that its Comcast RISE program is providing more than 700 Black-owned businesses support including technology upgrades.

IBM is planning to cull about 10,000 jobs in Europe in order to lower costs ahead of its split into two businesses.