Monday, October 10, 2011

ADTRAN Posts Record Q3 Revenue -- $192 Million

ADTRAN's Q3 2011 sales increased 18% to an all-time record level of $192,194,000 for the quarter, compared to $162,957,000 for the third quarter of 2010. Net income increased to $36,213,000 for the quarter, compared to $32,084,000 for the third quarter of 2010. Earnings per share, assuming dilution, increased to $0.56 for the quarter, compared to $0.50 for the third quarter of 2010.


ADTRAN Chief Executive Officer Tom Stanton stated, "Our Company's strong performance in the quarter included record revenue performances by our three main product areas, Broadband Access, Internetworking and Optical Access. Our Broadband Access category grew a stellar 93% over the third quarter of 2010. Our Internetworking category also showed a strong performance by growing 44%, and our Optical Access category grew 20%. These results allowed the company to achieve its sixth consecutive all-time record revenue quarter. With nearly 80% of our revenues coming from these high growth areas, we feel the Company is well positioned for the future."http://www.adtran.com

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