06:44 AM EDT, 05/05/2015 (MT Newswires) -- Allot Communications (ALLT), provider of broadband solutions, Monday reported mixed results for Q1 2015, with earnings above expectations and revenues slightly below estimates.
Net income for the quarter on a non-GAAP basis reached $2.9 million, or $0.09 per diluted share, on revenues of $29.5 million. Analysts were looking for non-GAAP diluted EPS of $0.07 on revenues of $29.79 million. In the same period last year, non-GAAP earnings were $2.1 million, or $0.06 per diluted share, on revenues of $28.3 million.
On a GAAP basis, the firm broke even in the quarter after reporting a net loss of $0.4 million, or $0.01 per diluted share, in the prior-year period.
The stock fell 1% at closing on Monday, near the lower end of 52-week range $7.88 - $14.08.
Sandvine reports Q1 2015 results
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Sandvine reports Q1 2015 results
WATERLOO, ON, April 9, 2015 /CNW/ - Sandvine, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today reported revenue of $32.4 million for its first quarter of 2015 and net income of $10.2 million. Net income for the quarter includes $2.8 million of other income related to a gain on the disposition of an investment in a private company. All results are reported in U.S. dollars under International Financial Reporting Standards (IFRS), unless otherwise specified.
FINANCIAL HIGHLIGHTS (All amounts are in U.S. dollars)