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Carrier revenue decreased from $18.6 billion in 2019 to $17.5 billion in 2020, a (6.2%) decrease.

Annual Revenue ($)

Carrier revenue was $17.46 b in FY, 2020 which is a (6.2%) year over year decrease from the previous period.

Quarterly Revenue ($)

FY, 2018FY, 2019FY, 2020
Revenue$18.91 b$18.61 b$17.46 b
Growth6.00%(1.62%)(6.19%)
Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021
Revenue$4.32 b$4.96 b$4.82 b$3.89 b$3.97 b$5 b$4.7 b$5.44 b$5.34 b

Annual Growth Rate (%)

Revenue Breakdown

Business Segment

Geographic Segment

Carrier revenue breakdown by business segment: 82.2% from Product and 17.8% from Service

Carrier revenue breakdown by geographic segment: 52.2% from United States, 28.3% from Europe, 15.2% from Asia Pacific and 4.4% from Other

FY, 2020FY, 2019FY, 2018
Product$14.35 b$15.36 b$15.67 b
Service$3.11 b$3.25 b$3.24 b
FY, 2020FY, 2019FY, 2018
United States$9.11 b$9.59 b$9.42 b
Europe$4.94 b$5.33 b$5.71 b
Asia Pacific$2.66 b$2.81 b$2.85 b
Other$761 m$874 m$935 m

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