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 IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Commentary
Rethinking Technology Road Maps for the Second Half of 2020
Andrew Froehlich, President & Lead Network Architect, West Gate Networks,  7/2/2020
Commentary
The Best Way to Get Started with Data Analytics
John Edwards, Technology Journalist & Author,  7/8/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
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