Wireless network monitoring solutions provider Astellia is coming off a big first half of the year.
The France-based company reports a revenue increase of 31 percent, to 18 million euros ($22.2 million U.S.) for the first six months of 2012 compared to the same time last year.
International revenues were responsible for the lion's share – 86 percent – reaching €15.4 million. Astellia says the 41 percent growth shows solid commercial performance compared to H1 2011, which was temporarily weakened by the political and economic downturn. Astellia’s customers in Africa, the Middle East and the Caribbean region have once again shown strong interest in the company’s solutions. In North America, Astellia strengthened its presence with a new office in Reston, Va., to increase its level of support to existing customers. The sound growth in North America mainly results from contracts signed in 2011, especially with an unnamed Canadian operator. In Europe, Astellia signed a contract with a leading Austrian operator and expects to develop new business opportunities in Russia.
In France, H1 2012 revenues were €2.6 million (14 percent of total revenues). Astellia pursued its long-standing relationships with French operators. The new competitive environment and the deployment of 4G technology are expected to open new opportunities in the coming months.
"Astellia has had a good first half of the year, driven by a solid order book and our continuous efforts to support international developments," said Christian Queffelec, CEO and co-founder of Astellia. "These results also endorse our investment strategy designed to develop quality technological solutions, in tune with the current and future needs of our customers and prospects. In addition, our LTE monitoring solution (4G), conceived by our R&D in 2011, is meeting increasing commercial success ... With €23 million in order book, we have started a dynamic second half of the year, in line to achieve our annual goals."