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Sandvine provides fourth quarter revenue estimate

Waterloo - Sandvine announced yesterday that it expects revenue for its fourth quarter to be approximately $35 million, representing record quarterly revenue. Order intake was at a record high in the fourth quarter, resulting in a positive book-to-bill ratio. All estimates are in U.S. dollars under International Financial Reporting Standards (IFRS).

Since November 20th, Sandvine has announced orders totaling over $27 million. A number of these recent wins related to opportunities that the co­mpany had identified as having been delayed.

Sandvine's high-performance and high-efficiency 100GE Policy Traffic Switch (PTS) 32000 was a driver in a number of the announced orders, as the industry-wide 100 gigabit Ethernet upgrade cycle has begun. Some of the announced orders also saw customers adopting Sandvine's Service Delivery Engine, which is the industry's only universal, access-agnostic Policy and Charging Rules Function (PCRF) – an aspect of Sandvine's product portfolio that it believes is going through an upgrade cycle.

"Sandvine is at the beginning of some very exciting opportunities. We are in the middle of product upgrade cycles, have more products to offer than ever and have a bigger sales team to address these opportunities," said Dave Caputo, Sandvine's President and CEO.

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