Sunday, January 23, 2005

Paradyne's Quarterly Revenue Rises

Paradyne reported Q4 revenue of $28.6 million, up 5% from the prior quarter and up 29% from the fourth quarter of 2003. Sales of broadband access products accounted for $25.8 million in revenue; sales of narrowband products accounted for $1.3 million; and service revenue accounted for $1.5 million.

Earnings on a non-GAAP normalized basis for the fourth quarter were $0.4 million, resulting in non-GAAP normalized earnings per share (EPS) of one cent .

During Q4, Paradyne shipped more than 113,000 ports of ADSL2+. The company also noted the Q4 shipment of more than 250 of its new BSX8000-5 Broadband Loop Carrier (BLC) Services Switch.

See also