Sandvine’s strong financial finish last year has carried into 2015.
The Waterloo company develops systems to securely manage traffic over the Internet. This week, it reported revenue of $32.4 million for the first quarter of 2015, and net income of $10.2 million (all figures in U.S. dollars).
Among the highlights of the quarter: Seven new service providers signed on as customers, and ABI Research acknowledged the company as the market leader in deep packet inspection (DPI) and traffic management for the mobile market.
“This is Sandvine’s tenth consecutive quarter of profitability and year-over-year revenue growth,” Sandvine President and CEO Dave Caputo said in a news release. “Our growth once again led industry analysts to name Sandvine the market share leader in 2014. Our profitability and cash generation also continue to be a big differentiator in our market.”
For the quarter closing 2014, Sandvine reported revenue of $34.2 million and net income of $8.1 million. Revenue in the first quarter of 2014 was $31.5 million with a net income of $7.5 million.
Sandvine formed in 2001. Today, more than 250 networks in more than 90 countries use Sandvine’s “network policy control solutions” to manage data flow over fixed and mobile networks.
