Tekelec Report Growing Sales for its Next-Gen Switching Gear

Tekelec reported Q2 sales of $95.6 million, compared to $62.9 million in the second quarter of 2003. Orders received in the second quarter for Tekelec products and services were $123.6 million, compared to $68.0 million in the second quarter in 2003. The $123.6 million of total orders booked during the quarter is the second highest order total in the history of the company, surpassed only by the order level achieved in Q4 2003. Tekelec credited its next-generation switching business unit (Santera) for contributing significantly to this order total. The company cited new deployments at two Tier 1 operators:


Sprint has deployed Tekelec's next-gen equipment in both its commercial network carrying live traffic, and in its lab for testing purposes.


Through the Company's relationship with Spatial Wireless, the Tekelec 8000 Wireless Multimedia Gateway has been deployed at a Tier 1 wireless operator.


Meanwhile, Tekelec's Network Signaling business unit generated $72.3 million of revenue, up 35% year-over-year, its highest revenue total in the history of the company.


On a GAAP basis, Tekelec's Q2 net loss was $304,000, or $0.00 per diluted share, compared to net income of $1.2 million, or $0.02 per diluted share, in the second quarter of 2003. Second quarter 2004 net income includes an $8.0 million one-time, non-cash charge for the write-off of in-process research and development related to the Taqua acquisition. http://www.telelec.com