Procera Networks increased its financial guidance, disclosed a multimillion dollar follow-on order from a Tier-1 European operator and announced a new offering of stock.
Based on preliminary financial data, Procera expects that first quarter 2012 financial results will reflect revenue in the range of $11.8 million to $12.2 million for the quarter, representing a year-over-year increase in the range of 71% to 77%. Bookings are expected to be approximately $14.6 million for the quarter, while gross margin is expected to be greater than 65% for the quarter, as compared with 61% in the first quarter last year.
"We are pleased with the outcome for our first quarter of 2012 and the strength of our business model. We continue to gain traction in the fast growing IPE market as evidenced by our strong first quarter results,�? said James Brear, president and CEO of Procera Networks. “With our industry leading solutions and customized analytics that enable broadband service providers to effectively operate and monetize their networks, we believe 2012 will be the year that Procera establishes itself as the leader in Intelligent Policy Enforcement.�?
Procera Networks also announced a $2 million follow-on order from a Tier-1 European Mobile Operator. This order is the third from this operator, and supports an increase in the number of subscribers handled by the PacketLogic solutions and the deployment of video optimization to better manage OTT video streaming. The majority of this revenue is expected to be recognized in the first quarter of 2012.
In addition, Procera Networks announced plans to offer to sell 3,500,000 shares of its common stock in an underwritten public offering. Procera expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering to cover over-allotments, if any. All of the shares in the offering will be sold by Procera. The company intends to use the net proceeds from the offering for working capital and general corporate purposes including potential acquisitions.
http://www.proceranetworks.com
Nokia Siemens Networks announced that a significant majority of employees affected by the company’s restructuring plan agreed to join an interim employment company. The acceptance of this offer by a major proportion of affected employees was a pre-requisite for the company to stay in Munich, as outlined in an agreement struck with IG Metall last month. As a result, Nokia Siemens Networks will continue to employ about 2,000 people in Munich. 
CapeNet, which serves southeastern Massachusetts and Cape Cod, has chosen Ciena and Integration Partners to provide coherent optical transport and Carrier Ethernet solutions for the 350-mile fiber optic OpenCape Network. The network is currently being constructed in southeastern Massachusetts and on Cape Cod using Ciena’s coherent optical processing technology.
Bharti Airtel launched India's first commercial LTE service in the city of Kolkata. 
TE Connectivity agreed to sell its TE Professional Services (TPS) business to BlueStream Professional Services, LLC, an affiliate of KGP Logistics, for $23.5 million. TPS, acquired as part of TE's acquisition of ADC in December 2010, has been reported in the Telecom Networks business of TE's Network Solutions segment. TPS is a provider of engineering, furnishing and installation services to communication service providers. TE reported sales of $121 million in fiscal 2011 for the TPS business. 
