Sunday, April 25, 2010

Ceragon Networks Report Sharp Revenue Rise for Mobile Backhaul

Ceragon Networks reported record Q1 2010 revenue of $59.7 million, up 36% from $43.9 million for the first quarter of 2009 and up 12% from $53.4 million in the fourth quarter of 2009. Net income (GAAP) was $3.0 million or $0.09 per basic share and $0.08 per diluted share, compared to net income of $0.2 million in the first quarter of 2009, or $0.01 per basic and diluted share.

Ceragon supplies high-capacity, LTE/4G-ready wireless backhaul equipment.

Geographic breakdown of revenue:

EMEA -- 23%

North America -- 21%

Asia Pacific -- 53%

Latin America -- 3%

"The year is off to a very strong start in part because we were able to recognize revenue from some turnkey projects earlier than originally expected," said Ira Palti, President and CEO of Ceragon.