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General

Casa Systems cuts FY outlook after sharp slowdown in Q2 sales

Wednesday 15 August 2018 | 10:21 CET | News
Casa Systems reported revenues for the second quarter up 3.1 percent year-on-year to USD 68.7 million, a sharp slowdown from 23 percent growth in the first quarter. For the fiscal year 2018, the company now expects revenues of USD 330-350 million, down from an earlier forecast of USD 380-395 million. Adjusted net profit was cut to an estimated USD 76-83 million in 2018, from the previous outlook of USD 100-111 million. 

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Categories: General
Companies: Casa Systems
Countries: World
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