ADVA Optical Networking's (XETRA: ADV.DE) focus on growing out its Ethernet access business to target mobile backhaul and other long-haul WDM optical networking opportunities continues to pay off as the European vendor reported that Q3 2011 revenues rose 1.9 percent to €79.3 million ($108.5 million).
"We are extremely pleased with our Q3 2011 revenues of €79.3 million, which slightly exceed guidance and are up 1.9 percent vs. the previous quarter," said Jaswir Singh, chief financial officer & chief operating officer of ADVA Optical Networking. "For the most part, this development is driven by increased Ethernet access business, largely due to initial significant carrier investments for mobile backhaul solutions."
ADVA has been attacking the backhaul and long-haul DWDM segments with a series of new products, including its FSP 3000 Agile Core and FSP 150EG-X platforms.
International Financial Reporting Standards (IFRS) operating income rose to €4.4 million ($6.02 million) in Q3 2011, after €3.3 million ($4.5 million) in Q3 2010. The key driver for this improvement is the above-mentioned increase in pro forma operating income.
Although ADVA is maintaining a cautious outlook, the vendor has forecast Q4 2011 revenues of between €79 million ($108 million) to €84 million ($114.9 million).
For more:
- see the release
Earnings summary: Wireline in the third quarter 2011
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