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Sierra Wireless Q2 revenues fall 25% as pandemic slows auto, enterprise business

Thursday 6 August 2020 | 15:23 CET | News
Sierra Wireless reported revenue for the second quarter of USD 144.1 million, down 25 percent from a year earlier due to the slowdown in the auto and wider enterprise markets by the Covid-19 pandemic. An improved gross margin and lower operating costs helped reduce the operating loss to USD 17.8 million from USD 23.8 million a year ago. 

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