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Ceragon sees higher Q1 after Indian ops pull down Q4 but warns outlook could be clouded by coronavirus

Monday 10 February 2020 | 15:19 CET | News
Ceragon Networks reported lower fourth quarter results, pulled down by a one-off provision of USD 2 million related to the inventory of low-volume older products but mainly from region-specific issues affecting operators in India after many years of strong growth. Revenues for the quarter went down almost 17 percent year-on-year to USD 71.3 million, with the gross margin falling to 31.7 percent from 34.4 percent and the net result going to a loss of USD 4.1 million or USD 0.05 per diluted share, from a gain of 11.6 million and 0.14 the year earlier. CEO Ira Palti noted that without India, Q4

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