Monday, October 27, 2008

Starent Posts Q3 Revenue of $66.1 million, Up 80% YoY

Starent Networks, while supplies mobile data aggregation platforms, reported Q3 revenue of $66.1 million, an increase of 80% from the third quarter of 2007. Revenues for the nine months ended September 30, 2008 were $183.5 million, up 93% from the same period a year ago. Net income for the third quarter of 2008 was $19.6 million, or $0.26 per diluted share, compared to net income of $1.6 million for the same period in 2007.