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Netgear moves back to black despite slower Q1 revenue growth

Friday 24 April 2015 | 11:40 CET | News
Netgear reported first quarter results, showing revenues down to USD 309.2 million from 349.4 million the year before. The net profit slowed to USD 8.0 million or USD 0.23 per diluted share, from 14.4 million or 0.39 per diluted share the year earlier but was up from the loss of USD 0.16 per share in the fourth quarter. CEO Patrick Lo said revenues were in line with guidance, which was heavily influenced by the company's service provider business restructuring and strengthening of the US dollar, as seen in the decline of EMEA revenues and flattening of APAC revenues. The launch of the

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Categories: Fixed
Companies: Netgear
Countries: World
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