Adtran reaches record revenues of USD 170 mln in Q1

Wednesday 19 April 2017 | 13:26 CET | News

Adtran said first quarter revenues rose to USD 170.3 million from 142.2 million, with the net profit going higher to USD 6.7 million from 5 million and earnings per diluted share lifting to USD 0.14 from 0.10.

CEO Tom Stanton said revenues hit a record high, driven by increasing momentum in ultra-broadband product sales and continuing strength in services. Adtran also declared a cash dividend for the first quarter of USD 0.09 per share.

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