Wednesday, July 25, 2007

Foundry Networks Revenues Rise to $143 Million

Foundry Networks reported Q2 revenue of $143.2 million, compared to $108.4 million in the second quarter of 2006, and compared to $135.8 million in the first quarter of 2007, an increase of 32.1% and 5.4% respectively. Net income was $16.4 million or $0.11 per diluted share, compared to net income of $4.4 million, or $0.03 per diluted share in the second quarter of 2006, and net income of $9.1 million, or $0.06 per diluted share in the first quarter of 2007.



"We are pleased to be executing well," said Bobby Johnson, President and CEO of Foundry Networks. "Our teams are focused and continue to deliver on our key business objectives, which has resulted in our fourth consecutive quarter of record revenue.

http://www.foundrynetworks.com

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