Foundry Announces Preliminary Q4 Financials, Increased Revenue and Profits

Foundry Networks announced that its Q4 2002 net revenue is expected to be in the range of $84.0 million to $87.0 million, compared to $76.6 million for the previous quarter and $65.4 million in Q4 2001. The company expects to post increased profits compared to the prior quarter and complete its fourth consecutive year of profitability and positive cash flows. Foundry Networks also noted that business was strong in its core vertical markets during the quarter. The book-to-bill ratio was greater than one during the quarter.
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