Foundry Reports Q1 Revenue of $91 Million

Foundry Networks reported Q1 revenue of $91.1 million, compared to $86.7 million in the previous quarter, and to $62.4 million in the same period last year. Foundry earned net income of $13.4 million, or $0.11 per diluted share, in the March 2003 quarter, compared with net income of $10.5 million, or $0.08 per diluted share, in the prior quarter, and net income of $1.0 million, or $0.01 per diluted share, for the same period in 2002. Foundry said sales to the U.S. federal government were strong during the quarter and added unusual strength to what is typically a seasonally soft periodhttp://www.foundrynet.com