Vecima Networks Hits Record Quarterly Revenue

Vecima Networks (TSE:VCM) has released an update.

Vecima Networks has announced a record-breaking quarter with the highest quarterly revenue of $87.5 million and a significant 31% year-over-year growth in Video and Broadband Solutions sales. The company’s gross profit hit $40.7 million with a strong gross margin of 46.5%, and earnings per share grew to $0.34.

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