Significant year-on-year revenue growth and Strong 12-month backlog quarter-on quarter.
Wavecom S.A., today announced financial results for its first quarter ending March 31, 2007.
Ron Black, Wavecom Chief Executive Officer, commented, "We are extremely pleased with our first quarter 2007 results which reflect the momentum in our business as indicated by an impressive 70% year-on-year revenue growth, as well as a significant 60%, quarter-on-quarter, increase in backlog. He added: "We are additionally encouraged to see a growing number of design wins, especially in markets like automotive, that we expect to lead to future higher volume growth.
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