Aviat sees better H2 after Q2 weighed down by cyberattack

Friday 7 February 2020 | 11:18 CET | News
Aviat said that the cyberattack which hit one of its contract manufacturing vendors has been full remediated. The company added that the attack, which limited capacity by about three weeks, weighed on its second quarter and first half but that its long term goals remained "largely intact." Specifically, CEO Pete Smith said order momentum in North America should continue and that orders in Africa and APAC should increase in the second half. For its fiscal full year, the company still sees a modest decline in revenue, stronger gross margins better profits and ongoing improvements in its cash

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Categories: Mobile & Wireless
Companies: Aviat Networks
Countries: World
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