Acacia Communications said its first quarter revenue grew by 44% from last year's first quarter and made $7 million in profit after reporting a $9 million loss last year.
IPG Photonics' growth in its CEO's home country of Russia has coincided with a $45 million investment in 2010 from a Russian government-backed business entity.
Oxford-based laser maker IPG Photonics saw first quarter profit decline 48% and revenues decline 12% year-over-year due to a challenging global economic picture.
The CEO of IPG Photonics and the U.S. Department of the Treasury will meet before a magistrate judge in an attempt to settle a lawsuit challenging the Treasury's designation of the executive as a Russian oligarch