PREVIEW-Bridgewater Systems may raise full-year revenue view

miércoles 29 de julio de 2009 21:24 CEST

* What: Q2 results

* When: Thursday, July 30

* Co expected to post higher rev, raise FY rev view

By Ashutosh Joshi

BANGALORE, July 29 (Reuters) - Canada's Bridgewater Systems Corp BWC.TO may raise its full-year revenue outlook when it reports results on Thursday, boosted by strong demand for its wireless data solutions that help telecom operators manage their mobile data traffic.

The company, which is also expected to post higher second-quarter revenue, will benefit as telecom operators such as Verizon (VZ.N: Cotización), its largest customer, report strong wireless data revenue for the quarter, analysts said.

However, a strong Canadian dollar could weigh on the company's earnings, M Partners analyst Husein Kirefu said.

"They have 75 percent of their sales outside of Canada, that is quite a bit of foreign exchange risk to take on," Kirefu said.

Shares of the Ottawa-based company have more than doubled in value over the past six months, helped by its strong quarterly results.   Continuación...