Sonus Networks Reports Quarterly Revenue of $16 Million

Sonus Networks reported Q1 revenue of $16.0 million compared with $12.7 million in Q4 2002 and $21.2 million in Q1 2002. Net loss for the first quarter of fiscal 2003 was $4.4 million or $0.02 per share compared with a net loss for Q4 2002 of $12.8 million or $0.07 per share. The company characterized the quarter as "good progress" towards its business objectives. Sonus also announced that NuVox, an integrated communications provider serving the Midwestern and Southeastern states, selected its platform to develop a VoIP network that will carry all of NuVox's long distance voice traffic, as well as offload Internet traffic from its circuit switched network.
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