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Broadband

Adtran posts four-fold increase in Q2 profit

Wednesday 13 July 2016 | 09:06 CET | News
Adtran announced sales of USD 162.7 million for the second quarter, up slightly from USD 160.1 million a year ago. Net profit jumped to USD 10.2 million from USD 2.5 million, and adjusted EPS rose to 25 cents from 10 cents in Q2 2015. Adtran said the solid revenue and earnings growth was due to strength in its domestic market and gross margin improvement. Growth in the US market was led by its FTTP and 100 megabit portfolios, along with continued growth in CAF II and Ethernet products. In addition, the services business grew revenue 51 percent year-over-year.

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Categories: Fixed
Companies: Adtran
Countries: World
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