Tuesday, July 19, 2005

Westell Posts Revenue of $75.6 million, up 35% YoY

Westell Technologies reported quarterly revenue of $75.6 million, up 35% from $56.2 million over the same period last year. Net income was $4.1 million, or $0.06 per diluted share, which includes income tax expense of $2.7 million, or $0.04 per diluted share.

Breaking down revenues by product line for this quarter compared to last year showed Customer Networking Equipment revenue increased 67% to $53.0 million from $31.8 million; Conferencing Services revenue increased 6% to $11.9 million from $11.3 million; Network Service Access equipment revenue declined 18% to $10.7 from $13.1 million.

"Growth was primarily driven by our Customer Networking Equipment segment. And, last month we posted a major win, as BellSouth selected our VersaLink wireless gateway product," said Van Cullens, Westell President and CEO.

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