Tellabs reported quarterly revenue of $463 million and earnings of $41 million or 9 cents per share on a GAAP basis.
"Strong customer demand across multiple product lines fueled Tellabs' best revenue quarter since 2001," said Krish A. Prabhu, Tellabs president and chief executive officer. "Our solid progress with the AFC and Vinci integrations is reflected in our improved margins and lower operating expenses."
Some highlights:
- Transport -- Revenue from transport systems totaled $159 million, down 4% from $165 million in the second quarter of 2004 and in line with $158 million in the first quarter of 2005.
- Access -- Revenue from access products totaled $144 million, up 23% from AFC's $117 million in the second quarter of 2004. [Note: The access revenue category includes all products acquired through the acquisition of AFC, which closed on Nov. 30, 2004.]
- Managed Access -- Revenue from managed access systems was $96 million, up 26% from $76 million in the second quarter of 2004.
- Broadband Data -- Revenue from broadband data products was $9 million, up fourfold from $2 million in the second quarter of 2004.
- Voice Quality Enhancement -- Revenue from voice-quality enhancement and other systems totaled $11 million, down 48% from $21 million in the second quarter of 2004.
- Services -- Services revenue was $44 million, up 9% from $41 million in the second quarter of 2004.
