Monday, April 27, 2009

Tellabs Reports Q1 Revenue of $362 Million

Tellabs' first-quarter 2009 revenue totaled $362 million, down 22% compared with $464 million in the first quarter of 2008. Tellabs earned $7 million or 2 cents per share on a GAAP (U.S. generally accepted accounting principles) basis, compared with $17 million or 4 cents per share in the year-ago quarter.

GAAP gross profit margins were 44.2% in the first quarter of 2009, higher than in any quarter since the third quarter of 2006.

"Tellabs continues to focus on improving profitability - both our customers' and our own - by helping customers generate new revenues, reduce capital expenses and cut operating expenses," said Rob Pullen, Tellabs president and chief executive officer. "

For the first quarter of 2009, broadband segment revenue was $178 million, transport segment revenue was $130 million and services segment revenue was $54 million.

Compared with the first quarter of 2009, Tellabs expects second-quarter revenue to be flat to up by a high-single-digit percentage. Non-GAAP gross margin is expected to be flat, plus or minus a point or two, as a result of product mix.

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