Sales Increase and Revenue Growth
Sales increased 2% year-over-year, and year-to-date revenue increased 6%. Excluding Eastern Europe, revenue increased more than 10% year-to-date.
IP Optical Networks Performance
Sales in the IP Optical Networks business grew 11% year-over-year, marking one of the strongest quarters in the last 5 years. Revenue from IP Routing Solutions grew by more than 20% year-to-date.
Strong Regional Performance in EMEA and India
Sales to Europe, Middle East, and Africa grew 26% year-over-year, with business in Europe and the Middle East increasing almost 50%. Sales in India grew 31% year-over-year this quarter and are up 50% year-to-date.
New Product Innovations and Wins
The new AIOps automation platform, Acumen, received considerable interest. Important awards were received from technology providers like IBM and a large SaaS company for cloud-native SBCs and WebRTC APIs.
Positive EBITDA Contribution from IP Optical
The IP Optical Networks segment achieved a positive earnings contribution on an EBITDA basis.