Transmode, a provider of packet-optical networking products, has published positive financial results for the second quarter of 2013.
In the three months to June, sales increased to approximately $44.7 million , corresponding to an increase of 8.6 per cent (14.7 per cent adjusted for exchange rate fluctuations) compared to the corresponding quarter in 2012. Net profit was $7.6 million for the quarter.
Transmode announced in April that it has signed a three-year frame agreement with Hutchison Global Communications Limited (HGC) to supply a ROADM-based 100G optical backbone network for a new high-capacity network in Hong Kong.
Karl Thedeén, Transmode’s CEO, said: 'I'm delighted that our agreement with Hutchison Global Communications has already in this quarter contributed to our brisk revenue growth in APAC. I'm pleased to conclude that total sales for the quarter are the company's highest ever.
'Our profitability continues to be very strong with an operating margin of nearly 17 per cent. We made a good start to the year and are continuing to focus on geographical expansion, innovative products and efficient operations.'