DragonWave Inc. announced updated revenue expectations of approximately $27.5 million for the second quarter of fiscal year 2016 ended August 31, 2015. This updates previous guidance provided on July 8, 2015 that sequential quarterly revenue growth would be in the low end of the 30% to 60% range. The sequential quarterly revenue growth for the quarter is now expected to be approximately 4%.

The variance from its July 8, 2015 outlook was primarily caused by two factors: equipment and service orders that were approximately $3.4 million lower than expected (about half of these orders are now anticipated to be received in the third quarter), and approximately $2.8 million of shipments that did not make the second quarter cutoff and slipped to third quarter.