Wednesday, July 20, 2011

Calix Posts Q2 Revenue of $98 million

Calix reported record Q2 revenue of $98.0 million, an increase of 36.7% compared to $71.7 million for the second quarter of 2010.

Non-GAAP net income for the second quarter of 2011 was $7.8 million, or $0.16 per fully diluted share, an increase of 40.8% compared to non-GAAP net income of $5.5 million, or $0.14 per fully diluted share, for the second quarter of 2010. GAAP net loss for the second quarter of 2011 was $17.6 million, or $(0.38) per basic and diluted share, compared to a GAAP net loss of $3.2 million, or $(0.09) per basic and diluted share for the second quarter of 2010.


"Calix set a new revenue record in Q2 as we built upon favorable secular trends affecting our markets," said Carl Russo, president and CEO of Calix. "In our first full quarter of operations after closing our acquisition, we executed well across all areas of the business, and reported results that were ahead of expectations."

http://www.calix.com

  • In February, Calix completed its acquisition of Occam Networks.

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