ADVA Posts Q4 Revenue of EUR 79.4 Million

ADVA Optical Networking reported Q4 2010 revenue of EUR 79.4 million, compared with EUR 59.6 million in Q4 2009 and EUR 80.5 million in Q3 2010. This result is in line with guidance of between EUR 76 million and EUR 81 million. IFRS pro forma operating income, excluding stock-based compensation and amortization & impairment of goodwill & acquisition-related intangible assets, amounted to EUR 4.3 million in Q4 2010 or 5.4% of revenues, also in line with guidance of between 2% and 6% of revenues.

Driven by increased enterprise, Ethernet access and carrier infrastructure business,revenues rose to a record high of EUR 291.7 million in 2010, 25.3% higher than the EUR 232.8 million reported in 2009. IFRS pro forma operating income at EUR 13.3 million in 2010 or 4.6% of revenues was significantly higher than the EUR 6.1 million or 2.6% of revenues in 2009. This improvement is largely due to higher revenues.
http://www.advaoptical.com