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Speedline Q1 unit sales drive revenue up.

FRANKLIN, MA -- Speedline Technologies (speedlinetech.com) has released its financial results for fiscal 2006 first quarter, ending March 31, 2006. The company reported an 18% increase in revenue, and a 28% increase in bookings compared with the same quarter a year ago. "These results, along with a 77% increase in March backlog compared with March 2005, have us very excited for Speedline's 2006 prospects," said Pierre de Villemejane, president and chief executive. "The fact that our revenue increase was the result of strong performance across all of our products is equally encouraging."

Fueled by the Accela product line, Speedline had a 42% increase in printer unit sales volume over Q1 2005. In the Wave solder units shipped jumped 53%, and revenue increased 101%.

de Villemejane attributed growth in machine sales to the worldwide migration to Pb-free operation, which he said "drives new purchases, just as increasingly complex process requirements are driving similar technology upgrades."
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Title Annotation:Industry NEWS
Author:Norvell, Robin
Publication:Circuits Assembly
Date:Jul 1, 2006
Words:154
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