Sierra Wireless revenue increases 11.1% year-over-year

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) has reported results for its second quarter ending June 30, 2017, the company said.

All results are reported in US dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.

Revenue for the second quarter of 2017 was USD 173.5 million, an increase of 11.1% compared to USD 156.2 million in the second quarter of 2016. Revenue from OEM Solutions was USD 144.5 million in the second quarter of 2017, up 9.0% compared to USD 132.6 million in the second quarter of 2016.

Revenue from Enterprise Solutions was USD 21.7 million in the second quarter of 2017, up 30.7% compared to USD 16.6 million in the second quarter of 2016. Revenue from Cloud and Connectivity Services was USD 7.3 million in the second quarter of 2017, up 4.3% compared to USD 7.0 million in the second quarter of 2016.

Sierra Wireless is building the Internet of Things with intelligent wireless solutions that empower organizations to innovate in the connected world.