ATM Sales Give Newbridge Modest 1Q Gain - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

ATM Sales Give Newbridge Modest 1Q Gain

Newbridge Networks Corp. posted modest gains for the first quarter of its fiscal year 2000, reporting revenue of $495 million (Canadian), up from C$426 million posted in the first quarter of last year.

Sales of Newbridge's asynchronous transfer mode-based networking equipment grew by 60% in the past year to nearly C$500 million, according to the company. Roughly 20% of equipment sales went to business users, the rest to service providers.

Newbridge's management hasn't made any significant corporate or product announcements after unspecified operational issues prevented it from fulfilling orders in the last quarter. "We needed to reestablish our credibility," said Newbridge president Alan Lutz. He added that the operational issues have been addressed and that the company is now ready to move on.

Newbridge says it expects to push into IP networking and reveal details of its strategy within a month. The company is rumored to be considering acquiring Ironbridge Networks Inc. and Northchurch Communications Inc., developers of IP-based switches for carriers' networks.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
CIOs Face Decisions on Remote Work for Post-Pandemic Future
Joao-Pierre S. Ruth, Senior Writer,  2/19/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
News
CRM Trends 2021: How the Pandemic Altered Customer Behavior Forever
Jessica Davis, Senior Editor, Enterprise Apps,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll