Ceragon Networks: India becomes largest market

Wireless backhaul supplier Ceragon Networks reported revenue of $86.5 million (+13.9 percent), operating income of $7.9 million with 35 percent gross margin and net income of $6.2 million in the third quarter of 2018.
“We are achieving our goal of growing net income and delivering strong cash flow, even as we continue to invest aggressively in our next generation 5G solutions, and we remain on track to attain an increase in non-GAAP net income in 2018 compared to 2017,” Ira Palti, president and CEO of Ceragon, said.

Ceragon Networks reported that 9 percent of the revenue came from Europe, 10 percent from Africa, 13 percent from North America, 21 percent from Latin America, 34 percent from India and 13 percent from Asia Pacific.