Sunday, November 5, 2006

Sonus Posts Revenue of $75 Million

Sonus Networks reported Q3 revenue of $75 million. The company did not provide GAAP or non-GAAP financial results for the quarter due to its ongoing review of past accounting practices regarding employee stock options.

Cash, cash equivalents and investments increased by $27 million during the third quarter of 2006 and by $21 million year-over-year to $346 million.

Third quarter gross margins were consistent with Q2. Third quarter net income increased meaningfully from the second quarter of 2006.

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