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General

Allot cuts FY sales outlook after weak Q2 orders

Tuesday 2 August 2016 | 12:49 CET | News
Allot Communications reported second-quarter revenues up 6 percent year-on-year to USD 23 million. The company's net loss narrowed to USD 1.2 million from USD 6.0 million a year ago as it completed in July a restructuring of its operations aimed at lowering costs. During the quarter the book-to-bill fell below one, as bookings were weaker than expected, mainly due to lower sales in APAC and the Americas, the company said. Some orders have now been pushed out to 2017, and as a result, Allot reduced its revenue guidance to USD 90-94 million for 2016.

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Categories: General
Companies: Allot
Countries: World
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