Tellabs reported Q2 revenue of$288 million, compared with $317 million in the year-ago quarter. There was a net loss of $5 million or 1 cent per share in the second quarter of 2012, compared with a net loss of $29 million or 8 cents per share in the second quarter of 2011.
“In the second quarter, Tellabs grew revenue sequentially by 12%, generated $32 million in cash from operations, and improved margins and profitability,” said Dan Kelly, Tellabs acting CEO and president. “We won new business and delivered major product releases. While we see a challenging economic and industry environment ahead, our goals are to help customers succeed and to improve Tellabs’ profitability.”http://www.tellabs.com/investors
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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
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