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| Acterna returns to profitability in third quarter |
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| ISSUED BY: BUSINESS WIRE |
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[Germantown, Maryland | Business Wire via ITWeb, 10 February 2004] -
Acterna Inc, the largest provider of test and network management solutions to telecommunications and cable network operators, today announced that it returned to profitability in its fiscal third quarter ended 31 December 2003.Following the completion of its debt restructuring on 14 October 2003, Acterna was net income positive for the post-emergence period from 15 October to 31 December 2003, and generated positive cash flow during that period."Acterna's strategy is to deliver test innovations that help our customers speed the deployment of new network technologies and communications services while offering systems, software and solutions that drive capital and operating expense reductions and improve service quality," said John Peeler, Acterna's president and chief executive officer. "Customer response and our third-quarter performance are strong indications that we are successfully executing our strategy.""Acterna exceeded expectations and turned in an exceptional third quarter, seasonally the strongest period of the year for us," said Grant Barber, Acterna's chief financial officer. "Strong sequential bookings and revenue growth, combined with the steps we have taken to strengthen our balance sheet and cost structure and streamline operations, have created strong momentum for Acterna as we enter 2004. Market conditions remain challenging, but we are focused on the communications test solutions and technologies that continue to attract investment. Acterna is operating with greater financial flexibility, and we remain confident in our ability to capitalise on the industry's best growth opportunities."Third-quarter highlights include:* The introduction of more than 10 new products and major enhancements, including:* Dual port gigabit Ethernet and fibre channel enhancements to the Acterna FST-2802;* Release of version 5.0 hardware for the ANT-5 SDH Access Tester;* The extension of the HST-3000 platform to include all-in-one testing capabilities to support worldwide DSL growth as well as new applications for the deployment of VOIP and other services technologies around the globe;* Roll-out of the latest generation of the MTS optical tester line, the MTS-8000, for field use in both outside plant and central office applications, offering the most compact and cost-effective solution for optical network testing;* The PathTrak Version 2.3 Return Path Monitoring System, the latest version of the company's return path solution, a critical monitoring component for the deployment of trouble-free high speed services such as VOIP for cable network operators;* The Remote Service Analyser Module (RSAM) 5600, the industry's first forward-path analyser with an integrated Web server that provides interoperability with field meters such as Acterna's DSAM via a Web browser;* The Quadrature Amplitude Modulation (QAM) RF interface for the DTS MPEG-2 Transport Stream Analyser enables cable network technicians to troubleshoot network signals with more efficiency by analysing and monitoring any MPEG-2 transport stream being carried within a QAM RF signal;* The ONT-512, a new scalable instrument with parallel testing at the Virtual Tributary/Tributary Unit (VT/TU) level for customers challenged by single-channel testing of next generation SONET/SDH; and* New Optical Fibre Mapping (OFM) software for fibre network operators that makes it easy to retrieve, cross-reference, and share information among multiple users.The execution of a new agreement with Verizon, expanding its deployment of Acterna's NetOptimize OSS to support traffic engineering, operations and capacity management across Verizon's National Voice Network.New investments to capitalize on the best growth opportunities in China, including the appointment of former Nortel executive, Kevin Ng, as managing director for greater China and the establishment of Acterna's Asia-Pacific headquarters in Hong Kong.Significant customer wins, such as renewal of a $5.5 million software contract for an incumbent local exchange carrier in the US, nearly $2 million in orders from two of the largest wireless service providers in the US, a new $1 million order for DSL test heads from one of Europe's largest service providers, and acceptance by a US incumbent local exchange carrier of Acterna's FST 2310 TestPad for telecom network testing at SONET rates up to OC-48.Keyword: Maryland
Industry Keyword: Telecommunications Software Networking Earnings
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| Acterna Acterna, a privately held company, is the world's largest provider of communications test solutions for telecommunications and cable network operators. A trusted communications test partner for more than eight decades, Acterna offers an unmatched portfolio of award-winning instruments, systems, software and services that help its customers reduce network costs while improving performance and reliability. Headquartered in Germantown, Maryland, USA - with European and Asia-Pacific operations based in Eningen, Germany and Hong Kong - Acterna serves nearly every major communications service provider and equipment manufacturer around the world through a skilled sales and support organisation in 31 countries. Certain statements in this press release are forward-looking statements. The company has based these forward-looking statements on its current expectations and projections about future events. Although the company believes that its assumptions made in connection with the forward-looking statements are reasonable, there can be no assurance that the company's assumptions and expectations will prove to have been correct. These forward-looking statements are subject to various risks, uncertainties and assumptions. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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