ADVA Posts Revenue of EUR 159.5 Million

ADVA Optical Networking reported record quarterly revenues of EUR 159.5 million -- at the upper end of the guidance forecast on July 21. Quarterly revenues climbed to a record high of EUR 159.5 million. The figure marks an increase of 30.4% year-on-year (YoY) (Q3 2015: EUR 122.3 million) and is at the upper end of the guidance forecast on July 21.

“Our markets continue to have multiple growth drivers,” said Brian Protiva, CEO, ADVA Optical Networking. “Cloud and mobility are fueling the demand for more bandwidth and reshaping our industry around the data center paradigm. Our focus on open connectivity solutions for data center interconnect (DCI) applications is delivering results. ”

http://www.advaoptical.com/en/newsroom/press-releases-english/20161027-adva-optical-networking-posts-record-q3-revenues-of-eur-159-5-million