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Sandvine posts net loss of US$3.9mn in Q1

Bnamericas Published: Monday, April 13, 2009
Canadian residential broadband solutions provider Sandvine posted a net loss of Cdn$4.8mn (US$3.9mn) in the first quarter of 2009, down from a net loss of Cdn$7mn in the year-ago period, the company said in a statement. The company's revenues for the period came to Cdn$18.6mn, a 124% year-over-year jump. Globally, Sandvine added nine new service provider customers in the quarter; one of these new clients is in the Latin American region. "Our momentum in the wireless and DSL markets continued, and after a tough 2008, the cable market has once again shown some strength. We maintained healthy revenue and cash levels and continued to diversify our business," said Dave Caputo, Sandvine's president and CEO. The company has over 150 service provider customers in 60 countries, serving more than 70mn broadband subscribers worldwide. Company CFO Scott Hamilton said in a conference call with investors that revenues from international markets have been expanding. In the first quarter of 2008, revenues from outside North America accounted for 13% of the company's total, while in 1Q09, such revenues reached 44% of the total, the executive said. The executive also said that Latin America and the Caribbean accounted for 10% of total revenues in the quarter. Sandvine's solutions help operators to increase customer satisfaction, mitigate the proliferation of malicious traffic, manage network congestion and deliver QoS-prioritized multimedia services.

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