Westell Reports Fiscal 2019 Fourth Quarter Results
WESTELL TECHS INC A NEW (WSTL)
Last westell techs inc a new earnings: 10/31 04:01 pm
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Source: GlobeNewswire
AURORA, Ill., May 29, 2019 (GLOBE NEWSWIRE) -- Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of high-performance network infrastructure solutions, today announced results for its fiscal 2019 fourth quarter ended March 31, 2019 (4Q19) and its fiscal year ended March 31, 2019 (FY19). Management will host a conference call to discuss financial and business results tomorrow, Thursday, May 30, 2019 at 9:30 AM Eastern Time (details below). “4Q19 revenue was largely affected by the performance of our IBW segment. While sales of commercial repeaters and DAS conditioners decreased as expected, delays in expanding our product portfolio for a larger addressable public safety market further contributed to the IBW decline. Seasonally lower sales of remote units affected ISM revenue after a strong performance in 3Q19. CNS revenue increased sequentially, led by power distribution and network connectivity products, and growing traction for our new suite
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