Thursday, August 13, 2015

Ceragon Posts Revenue of $94.8 Million, up 4.8% YoY

Ceragon Networks reported quarterly revenue of $94.8 million, up 4.8% from the second quarter of 2014, and up 1.2% from the first quarter of 2015. Net income was $1.3 million, or $0.02 per diluted share for the second quarter of 2015. Gross margin came in at 28.2%, compared to 26.3% in the second quarter of 2014 and 25.9% in the first quarter of 2015.

"We reached a very important milestone in the second quarter by clearly restoring our financial stability with solid profitability and positive cash flow," said Ira Palti, president and CEO of Ceragon. "More important, we are much more confident that we can continue the trend of profit improvement.

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