Wednesday, April 22, 2009

Starent Posts Q1 Revenue of $73 Million, Up 30% YoY

Starent Networks reported Q1 2009 revenue of $73.2 million, an increase of 30% from the first quarter of 2008. Net income for the first quarter of 2009 was $12.8 million, or $0.17 per diluted share, compared to net income of $9.7 million, or $0.13 per diluted share, for the first quarter of 2008.


During Q1, Starent announced its selection by Verizon Wireless as a packet core vendor for its LTE network. Starent's open LTE Evolved Packet Core (EPC) offers 2G/3G functionality currently and supports an evolution to LTE through software upgradeability.
http://ir.starentnetworks.com

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