Foundry Reports Revenue of $96 Million, up 5% Sequentially

Foundry Networks reported Q2 revenue of $95.7 million, compared to $91.1 million in the previous quarter, and $75.0 million in the same period last year, an increase of 5% and 28% respectively. Net income was $16.8 million, or $0.13 per diluted share in the second quarter. The company said it continues to reach its near-term milestones while positioning itself for long-term success.
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