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Sandvine Corp.

11:54 AM EST - Sandvine Corp. : reported first-quarter net income of $600,000 or $0.004 per share, compared to net loss of $4.8 million or $0.035 per share last year. Non-GAAP income was $1.6 million or $0.012 per share, compared to non-GAAP loss of $1.2 million or $0.009 per share in the same quarter a year earlier. Revenue grew to $21.9 million from $18.6 million in the prior year quarter. Sandvine Corp. shares T.SVC are trading up $0.20 at $2.16.