and Thank to quarter call. everyone, you, welcome, our first operator,
outlook, our find in. and extraordinary business results situation to ourselves like heading into address Before we briefly recent all I'd the
disease. everyone are On has essential local employees us behalf of DZS, grateful who by the globe. received at around terrible our go governments of the to for been service hearts support and we out have all families and their deeply from providers our this And impacted
our extraordinary forward. drive role made we and our appreciate and our suppliers of efforts business in customers the we with the the our to to services continue by thankful are We partnerships And for being particularly support employees vital strong customers proud play enabling broadband continued worldwide. and
time, as healthy, the the near-term in even our challenges XG throughout from our an APAC the business sales from weeks evaluate in broadband we to to and stronger networks. entire crisis elongated this to fiber of as fundamentally impacted customers to of rest best quarter overcome, cycle Although expect COVID-XX company. the how and our to business March. have already copper impacted emerge we final XG our are has same At customers access global from transition real and
generally While a visibility our in of to ago. the couple revenue our months guidance, with results better than were the or timing quarter our line of into it has than less become conversion just was first of project clear certainly
carriers has shipments We are deployments seeing restarts precautions. around parallel, world from a preventing extended and several and appropriate weeks. eight on In adopt been place. proceed as closed, slow taking And to times warehouses four then customers' cases, ports, components at safety in implement pace the some have critical these
project Taken combination, to in beyond is the of quarter. timing completion difficult predict the it increasingly our current
access is and in it solutions, fiber not near-term the challenges more and enhanced health to impact while the in That pandemic annual created on in becomes the until predictable it broadband next-generation known, general business, guidance. So prudent for need light also the shining unexpected said, tactical and particular. is and a our has service provide capacity XG COVID-XX of several
running are capacity. gatherings overnight, In prolific. Nearly and a to has conferencing. learning. has transitioned of the increase levels near more now remotely, to world lack online. short, video most The Business meetings massive classrooms working personal, never at entertainment so in social travel mobility led impediment are the switch while of been conducted to Streaming and to of peak being online networks
significant to the nearly addressable our true the driver haul early by potential While architecture, we platform revenue is clear remain demonstrating innings our while potential be market $X annual has total of of increasingly XG it expanding any for the that DZS billion. next-generation company in a mobile the
to say Rakuten. have pleased integration on-site of our recently available site, products shipments of commenced activities the that level commercially to depressed we Despite at I'm total customer
March, is important downstream see this services video XX%. and traffic XX from more wavelength. applications. XX% apart pace and increased nearly increase cable of traffic, peak association The cable the accelerate internet downstream XGS-PON since doubled adoption enable upstream customers to through up interactive tremendous COVID-XX, reports the the existing gigabit early of particularly in was During single the a levels the on encouraging is significantly it upstream growth a context, to accelerated symmetrical of driven In of new the part use traffic to
this rural through as wave funding of of many opportunity customers next $XX networks the is important ahead, strategically fund. Looking billion digital the for stimulus broadband our are preparing
has leading several Following recently we broadband optical global DZS formerly to Omdia, and than the next-generation leader access published have line any more last Ovum, DZS by quarters, a vendor solutions. than data optical more a Xx terminals trusted other vendor optical -- outside as itself fiber-based XX-gig as XXXX, According shipments. network in years North established X any American terminal of was competitors. focused China known And in our over terminal investment, in shipped of
days we solid the a noticeable amidst in is activity adoption Although market in levels. increase early DZS leader the of here, early in remain customer a clearly demonstrating
how level. seeing on more to months we quarters. in evolving on trend now an see And how Asia, Let's color and business I'll up. business are pivot our bit at update to provide we regional In coming our business the starts the a pick
was pipeline business While a growing kicked QX, of opportunity. see Korea we in new hard
strong the to have as and with in carriers X a base We such Great are fortunate Uplus. Telecom Korea Tier Telecom, SK key customer LG
armed operational customers of executing on manage while virus and also are to to the carriers challenges broadband their Following respective strategic XG initiatives. with the initial reaction now all these by ability the COVID-XX,
the SoftBank. in call our Japan expect was we market Japan new quarter. and Rakuten geography from deployments by largest is And our remain revenue in we I anticipate mentioned largest The our prior target by you, both growth opportunity as XXXX. XG Japan led to in with
activity, the loosen. conditions lock activities integration see broadly have it deployment facility on-site good Although down pace to of slowed is
growth second sequential anticipate the and stronger to continue to QX in year. half the We
North expectations. America with line performed in
closed, shipments preventing from the the quarter occurring. the Although challenged warehouses weeks final few were of customers' and
able We customer and of America, to vendors. In complete impact we consolidation from the will be field continue deployment Latin and some Chinese activities facilities customer heightened to closed. experience further competition
are modest improvement introduction region. OLTs Although in the carrier new Tier with recent for and sign from X of seeing orders and ONTs the niche some our we into wireless our a product of lower-cost Chile
In business North Europe, final same March. weeks also dynamics impacted our experienced and through in the Asia America the of we
technologies, customers in The a business, spot While generally delays by shortages has material continues front the be access spending we assigned fiber sequential the East also on upright activity. new and our expect of of it the back is to new as in investments QX. product to pulled but in number do softened people project some Middle in qualification impacted the improvement
extensive conversations, half quarter together, we second focused expect customer strategy will all sales on by part of investment to driven solutions. and the this in the market begin in based channel slowly activity the planned and through year, second more improve partner Putting reaccelerate next-generation
on Many schedule. of our flagship initiatives remain
function Germany partners back Our And work. manufacturing getting have the Asia our in throughout continued crisis. this to capabilities are U.S. OEM to in and
take will Sourcing a components challenge and recover. still a time bit is to more
there perhaps returns to access optimistic into healthy, normal the meantime, mid- visibility is we a and So broadband projects remain to world against business, our the to believe about don't reason is or our when have a strategic and market to long-term to in we new ability evolves while the good our do execute normal, initiatives.
for anticipated let do opportunity believe business be competitive reasons, losing we are not clear, disappear. In we believe business permanently we me nor do summary, will
risk, headwind business mid- long-term near-term remains a for outlook While COVID-XX to the created and fundamental positive. our
now details the Tom? turn Cancro, Tom CFO, the will our provide I'll to call further quarter. over on who
