Tellabs Reports Revenue of $436 million

Tellabs reported first-quarter 2005 revenue of $436 million, up 65% from $264 million in the first quarter of 2004 -- including a full quarter of AFC product revenue of $128 million. Excluding AFC product revenue, Tellabs' revenue grew 17% year over year.


Tellabs earned $0.7 million or less than one cent per share in the first quarter of 2005 on a GAAP basis. Tellabs earned $26 million or 6 cents per share on a non-GAAP basis.

Transport - Revenue from transport systems totaled $158 million, up 16% from $136 million in the first quarter of 2004.

Access - Revenue from access products totaled $128 million. (AFC product revenue).

Managed Access - Revenue from managed access systems was $93 million, up 34% from $69 million in the first quarter of 2004.

Broadband Data - Revenue from broadband data products was $7 million, up 69% from $4 million in the first quarter of 2004.

Voice Quality Enhancement - Revenue from voice-quality enhancement and other systems amounted to $15 million, down 34% from $23 million in the first quarter of 2004.

Services - Services revenue was $35 million, up 11% from $32 million in the first quarter of 2004.
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