BRIEF-DragonWave updates Q2 rev forecast

  • Reuters
  • Stock Market News
BRIEF-DragonWave updates Q2 rev forecast

Sept 4 (Reuters) - DragonWave Inc DWI.TO :

* Updates revenue expectations for the second quarter of fiscal 2016

* Sees Q2 2016 revenue about $27.5 million

* Says updated revenue expectations of approximately $27.5 million for the

second quarter of fiscal year 2016

* Says sequential quarterly revenue growth for Q2 is now expected to be

approximately 4%

* Says approximately $2.8 million of shipments that did not make the Q2 cutoff

and slipped to Q3

* Says small amount of revenue variance is due to large deployment in India

that was halted during Q2 as result of product issue

* While product issue has now been resolved, deployment of product by the

affected customer in India continues to be suspended

* Source text for Eikon ID:nMKWb51Pna

* Further company coverage DWI.TO

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