Sandvine gets $10-million contract from North American network operator

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WATERLOO, N.S. – Sandvine Corp. (TSX:SVC) has received $10 million in orders from a North American Tier 1 communications network operator, which it didn’t identify.

Waterloo, Ont.-based Sandvine provides software and services that network operators use to manage their customer subscriptions.

The follow-on orders were received by Sandvine in the first quarter of its 2014 financial year, which began Dec. 1.

Sandvine is scheduled to release results from its 2013 fiscal year and fourth quarter ended Nov. 30 on Thursday.

The company is expected to report four cents per share of adjusted earnings and US$30.58 million of revenue for the fourth quarter, according to estimates compiled by Thomson Reuters.

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