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29% rev grwth during no IT spending recession! Ouch!     14-Oct-09 12:35 am    
ADTRAN Chief Executive Officer Tom Stanton stated, “In the third quarter, our growth categories continued to perform well, achieving 20% year over year growth and posting another record revenue level. Broadband Access revenues grew 29% as we saw increasing acceptance of our Carrier Ethernet and Broadband services platforms. Optical Access revenues showed impressive strength growing 20% as carriers increased investment in wireless bandwidth upgrades. Internetworking revenues continued to expand as our success in this area continued to reflect the broad-based support we are seeing in our carrier distribution and value added reseller channels. Two of these areas set record revenue levels and our growth areas in total achieved a new high.”
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29% rev grwth during no IT spending recession! Ouch!
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ADTRAN Inc. (ADTN)

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