Wednesday, February 25, 2009

Sonus Networks Posts Q4 Revenue of $89.5 Million

Sonus Networks reported revenue for Q4 2008 of $89.5 million, compared to $62.2 million in the third quarter of fiscal 2008 and $97.1 million for the fourth quarter of fiscal 2007. The company's loss from continuing operations on a GAAP basis was $99.0 million, or $0.37 per share, for the fourth quarter of 2008, compared to a loss from continuing operations of $19.0 million, or $0.07 per share, for the third quarter of 2008, and income from continuing operations of $14.7 million, or $0.05 per share, for the fourth quarter of 2007.

"We continue to make progress on aligning the business to our market opportunity," said Richard Nottenburg, president and chief executive officer of Sonus Networks. "We are focusing our investments on delivering products and services which enhance the value proposition we bring to customers, and we believe the actions we are taking will further strengthen our competitive position for the time when the economic recovery commences and we return to growth mode."

http://www.sonusnet.com

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