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Wireless

Sierra Wireless meets guidance with 12.5% sales growth in Q4

Friday 10 February 2017 | 09:46 CET | News
Sierra Wireless reported fourth-quarter revenue up 12.5 percent year-on-year to USD 163.0 million, in line with its forecast. Revenue from OEM Solutions rose 11.2 percent to USD 135.2 million, Enterprise Solutions increased 27.1 percent to USD 21.0 million, and Cloud and Connectivity Services was flat at USD 6.8 million. The company's gross margin improved to 42.2 percent from 31.1 percent a year, helped by lower licensing costs and other cost reductions. Net profit rose to USD 15.7 million from a loss of USD 0.4 million a year ago, while adjusted EPS increased to USD 0.27 from USD 0.08,

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Categories: Mobile & Wireless
Companies: Sierra Wireless
Countries: World
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