Sierra Wireless raises revenues 5% in Q1 but supply challenges continue

Friday 14 May 2021 | 11:13 CET | News
Sierra Wireless reported revenues a bit under expectations, up 4.9 percent from the year before to USD 108.1 million, pulled up by Connectivity, Software and Services revenue, which jumped 26 percent to USD 33.7 million. Revenues from IoT Solutions increased by 9.1 percent to USD 74.6 million while at Enterprise Solutions, they decreased by 3.3 percent to USD 33.5 million, pulled down by the impact of the ransomware incident that took place earlier this spring. The company revised its reportable segments into the two categories, with IoT Solutions including its cellular wireless IoT module

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