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Netgear profit grows as revenues slip 2.4% in Q3

Friday 24 October 2014 | 11:25 CET | News
Netgear said third quarter revenues slid 2.4 percent to USD 353.3 million from 361.9 million the year before, as the company continues realigning its Northern European sales channel. The net profit rose to USD 20 million from 14.5 million or USD 0.55 per diluted share while the non-GAAP operating margin reached 10.6 percent from 6.7 percent. The company said that the quarter was driven by strong back-to-school results at the Retail Business Unit. Netgear said it also has a strong product pipeline for the fourth quarter for 11ac DSl gateways as well as WI-Fi extenders. The company is guiding

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Categories: Fixed
Companies: Netgear
Countries: World
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