Calix (NYSE: CALX) once again saw a rise in revenues in Q4 2010 from ongoing sales of its platforms with new customers, broadband stimulus project awards and other new platforms.
During the quarter, Calix's revenue was $91.7 million, up 21.5 percent over Q3 2010, and up 3.8 percent over the $88.4 million it reported in Q4 2009.
"Our business continued to accelerate throughout Q4, with a growing number of new customer wins, Broadband Stimulus vendor selections, as well as wide adoption of our new platforms," said Carl Russo, president and CEO, Calix.
In addition to its own product line, the next phase of growth for Calix could come from its pending acquisition of Occam Networks, a rival broadband vendor that's not only expanded its international customer base, but has been a platform provider to several service provider's broadband stimulus award projects. At this point, Calix is still waiting a final vote from Occam's shareholders to approve the deal.
For more:
- see the release
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