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General

Casa Systems revenues up 23% to USD 89.1 mln in Q1

Friday 11 May 2018 | 15:55 CET | News
Casa Systems reported revenues for its first quarter up 22.5 percent compared to the first quarter of 2017 to USD 89.1 million. Gross margin dropped to 69.6 percent from 72.0 percent in the first quarter of 2017. Net income of USD 17.8 million, a decrease of 2.1 percent compared to the first quarter of 2017. Adjusted EBITDA was USD 29.5 million, an increase of 11.6 percent compared to the first quarter of 2017. For the fiscal year 2018, the company expects revenues between USD 380.0 million and USD 395.0 million. In related news, Casa Systems announced its new Apex PicoStrand RAN platform.

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Categories: General
Companies: Casa Systems
Countries: World
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