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Technology / AI and automation

COMPANY RESULT: ADVANCED FIBER COMMUNICATIONS INC

Advanced Fiber Communications Inc, the Petaluma, California-based manufacturer of telecommunications systems for the ‘local loop’, has reported third quarter net profits up 237% at $10.8m on revenue up 119% at $76.8m; nine-month net rose to $23.8m from $107m last time on revenue up 105% at $182.4m. Net earnings per share rose 180% to $0.14 in the quarter, and up to $0.31 in the nine months.

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CBR Staff Writer

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