October 25, 2013—In its third-quarter financial results, Alliance Fiber Optic Products (AFOP; Sunnyvale, Calif., U.S.A.) reported a record quarterly year-over-year revenue increase of 86 percent. The provider of optical network components, subsystems and modules reported revenues of $23 million for the third quarter which closed September 30, 2013, up from revenues of $12 million for the same quarter last year. The positive revenue numbers are also a 21 percent increase over the previous quarter’s $19 million.
Company president and CEO Peter Chang credited the booming growth to increasing demand for data bandwidth. “The next growth cycle in the fiber optics industry is emerging,” said Chang. “We are excited with the business prospects in the coming years.”
Despite year-end seasonal effects that are typical in the fourth quarter, AFOP expects revenues in the range of $21.5 million to $23.5 million, a 77 percent to 93 percent year-over-year growth.