ADVA Optical Networking's (XETRA: ADV.DE) bets on Ethernet and carrier infrastructure helped drive up the German company's Q4 2011 revenues to €83.4 million ($112.2 million) from €79.4 million ($106.9 million) in Q4 2010 and from €79.3 million ($106.8 million) in Q3 2011.
These results were at the upper end of its Q4 2011 guidance of €79 million ($106.4 million) and €84 million ($113 million).
The vendor reported that IFRS pro forma operating income, excluding stock-based compensation and amortization and impairment of goodwill and acquisition-related intangible assets, was €7.4 million ($9.9 million) in Q4 2011 or 8.9 percent of revenues.
ADVA's IFRS operating income in Q4 2011 was €6.7 million ($9.0 million), up from €3.1 million ($4.1 million) in Q4 2010. The key drivers for this development are the above-mentioned reasons for the increase in pro forma operating income.
On a fiscal 2011 year basis, revenues rose to €310.9 million ($418.5 million) in 2011, 6.6 percent higher than the €291.7 million ($392.7 million) it reported in 2010.
During the quarter, the vendor announced a number of key customer wins for its optical gear, including Hawaii's Wavecom Solutions, Syringa Networks and Iowa Communications Network.
Looking toward Q1 2012, the company has forecast revenues between €79 million ($106.3 million) and €83 million ($111.7 million).
Despite a challenging macro-economic environment, Brian Protiva, chief executive officer of ADVA Optical Networking, said that by adding a number of enhancements to its product and service offerings, it is "beginning to address opportunities in the WDM long-haul and Ethernet switching markets, which will enable us to address a nearly 40 percent bigger market in 2014 than we would be able to address without this expansion."
- see the earnings release
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