Netgear posts explosive growth

Netgear recently announced that its net revenue for the first two quarters of 2011, ending July 3, 2011, grew by 49%, reaching a total value of $291.2m. It also reported that the net revenues from the Middle East and North African (MENA) region and the European region has totalled to $110.331m in the second quarter of 2011.

The increase in revenue was bolstered by the company’s launch of 17 products during the first half of 2011, strongly highlighting Netgear’s efforts to build product momentum.

Notable new products include the compact WiFi repeater/booster for home use, the stackable 48 port Gigabit Smart Switch with 10Gig uplinks and the mini-travel router for the Asian market.

“Amidst the global economic downturn, Netgear has ably proven itself in the IT market with its offer of a wide range of products that have been designed to meet the demands of large companies, SMEs and SOHOs. The rollout of our new products during the first two quarters of 2011 has helped us consolidate our position in both the global and regional markets.” concluded Ahmed Zeidan, Channel Sales Manager, Netgear Middle East.