Weak Cdn $Extract from RBC's report. SVC should benefit. GLTA
Sandvine (SVC-TSX) – Sandvine reports its financials in USD. The majority of its revenues are
realized in USD, but the company also conducts business in USD, CAD, EUR, GBP, the Indian
rupee, and the New Israeli shekel. Sandvine’s payroll and related costs are realized in CAD,
Indian rupees, and New Israeli shekels in amounts greater than what is realized in revenues.
Sandvine has an active FX hedging program in place to mitigate potential currency
fluctuations. A 10% currency move would have less than a $0.01 impact to earnings.