Oct 4 Network equipment maker Sandvine Corp
reported a third-quarter loss as margins fell.
The company provides equipment and software that help
internet service providers manage network congestion and lower
Sandvine lost $900,000, or 0.6 cent per share, in the
June-August quarter, compared with earnings of $1.7 million, or
1.2 cent per share, a year earlier.
Revenue fell 16 percent to $21.8 million.
Gross margins dropped to 70 percent from 76 percent.
Sandvine's customers include U.S. cable TV provider Comcast
Corp, Japan's NTT Communications and Singapore's
Sandvine reported smaller-than-expected second-quarter
revenue due to delays in closing several projects with
Telefonica SA. The Spanish telecom company accounted
for 17 percent of Sandvine's fiscal 2011 revenue.
Shares of Waterloo, Ontario-based Sandvine closed at C$1.20
on Wednesday on the Toronto Stock Exchange.