Westell Technologies (WSTL) Misses Q1 EPS by 2c

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Westell Technologies Reports Fiscal First Quarter 2017 Revenue of $14.8M

August 10, 2016 4:33 PM EDT

Sequential revenue growth of 5% for the IBW segment

AURORA, Ill.--(BUSINESS WIRE)-- Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of high-performance wireless infrastructure solutions, today announced results for its fiscal 2017 first quarter ended June 30, 2016 (1Q17). Management will host a conference call to discuss financial and business results tomorrow, Thursday, August 11, 2016, at 9:30 AM Eastern Time (details below).

Consistent with the Companys preliminary announcement on July 27, consolidated revenue in 1Q17 was $14.8 million, and comprised $6.1 million from the In-Building Wireless (IBW) segment, $4.1 million from the Intelligent Site Management and Services (ISMS)... More