Tekelec Sees Growth in Q1

Tekelec reported quarterly revenue of $78.9 million, compared to $55.0 million in the first quarter of 2003. On a GAAP basis, Tekelec's net income was $5.8 million, or $0.09 per diluted share, for the first quarter of 2004, compared to net income of $1.5 million, or $0.02 per diluted share, in the first quarter of 2003.



Network Signaling revenue for the first quarter of 2004 was $63.2 million, compared to $46.0 million in first quarter of 2003.



IEX Contact Center revenue was $9.3 million, compared to $9.0 million in first quarter of 2003.



Tekelec's next-gen switching business unit added six new customers during the quarter, with revenues increasing 13% sequentially. This unit's quarterly revenue was $6.4 million. http://www.tekelec.com