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Wireless

Sierra Wireless revenues rise 18% in Q3, boosted by high growth at IoT Services

Friday 9 November 2018 | 09:43 CET | News
Sierra Wireless said its third quarter came in line with expectations, pushed up by higher margin businesses Enterprise Solutions and IoT Services. Together, these segments made up 27 percent total revenue. Revenues lifting almost 18 percent from the year before to USD 203.4 million. All segments showed growth, especially IoT Services, where revenues jumped 172.8 percent to USD 23 million. Revenues at other segments Enterprise Solutions and OEM Solutions climbed 22 percent to USD 32.1 million, and 7.6 percent to USD 148.3 million.

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