Foundry Reports 14% Sequential Revenue Growth

Foundry Networks reported Q2 revenue of $96.6 million, compared to $84.6 million for the first quarter of 2005, and $97.8 million for the second quarter of 2004. Foundry earned net income of $9.6 million, or $0.07 per diluted share, in the second quarter of 2005, compared to net income of $9.9 million, or $0.07 per diluted share, in the first quarter of 2005, and net income of $15.0 million, or $0.11 per diluted share, in the second quarter of 2004.


"We are pleased with the sharp rebound achieved in our enterprise business during the second quarter of 2005," said Bobby Johnson, President and CEO of Foundry Networks.
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