DZS widens loss in Q3 on supply chain woes, revenues in-line with expectations

Tuesday 2 November 2021 | 17:09 CET | News
DZS reported results for the third quarter at the top end of expectations, even though it widened its net loss. Revenues slipped 5.9 percent year-on-year to USD 88.4 million, suffering mainly from a comparison with last year's record figure. Supply chain constraints also weighed on results. To address the margin-impacting headwinds, DZA implemented a prices increases across its portfolio. "We believe these actions, along with our DZS Cloud and DZS Xperience software solutions, will give us the best opportunity to remain on track to achieve our longer-term growth and margin goals," it said.

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Categories: Fixed
Companies: DZS
Countries: World
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