“While foreign currency moves explain some of the drop in quarterly results, North American and European markets experienced significant drops that were not quite offset by Asia Pacific and Latin American growth trends,” said Chris DePuy, Vice President at Dell’Oro Group with responsibility for Wireless Packet Core coverage. “Additionally, service providers in all regions of the world continue to conduct trials and proofs of concept of Network Functions Virtualization-based EPC, which we understand is slowing down purchasing of currently-available systems until NFV EPC systems are ready.”