AFC Sees Revenues Rise in Q2

AFC reported Q2 revenue of $118.6 million, compared to $92.8 million in the preceding quarter and $83.0 million for the same period last year. Net income for Q2 $0.9 million, or $0.01 per share.



Our revenues came in somewhat lighter than we had anticipated," said John Schofield, chairman, president and chief executive officer at AFC. "This was primarily due to a supply constraint of a key component that impacted FTTP shipments which we expect to be resolved in the current quarter, a large customer's work force issue that limited the flow of orders from that customer and the timing of certain international orders in the quarter. On a positive note we had three customers contribute over 10% of revenues during the quarter: BellSouth, Sprint and Verizon."http://www.afc.com