Sierra Wireless sales up 11% in Q2, buys M2M provider Numerex

Thursday 3 August 2017 | 08:31 CET | News
Sierra Wireless reported second quarter revenues at the top of end of its guidance, with sales up 11.1 percent year on year to USD 173.5 million thanks to new product offerings and the acquisition of the assets of data orchestration platform FlowThings. The company's gross margin was 34.5 percent in the second quarter compared to 33.8 percent a year earlier, while its adjusted EBITDA advanced to USD 14.8 million from USD 12.1 million. Revenues lifted 9.0 percent at OEM Solutions, soared 30.1 percent at Enterprise Solutions and were 4.3 percent higher at Cloud and Connectivity Services.

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