Wednesday, October 18, 2006

Redback Posts Q3 Revenue of $70.9 million

Redback Networks reported Q3 revenue of $70.9 million, up 95% compared to $36.4 million for the same quarter last year. Net revenue was up 4 percent for the third quarter of 2006 compared to the second quarter of 2006.

Redback Networks generated $4.5 million in cash in the third quarter of 2006, boosting its overall cash total to $176.0 million.

Redback Networks also added 18 new customers in the third quarter for its SmartEdge family of multi-service edge routers, including a top 20 carrier worldwide.

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