Tellabs posted Q1 revenue of $464 million, up 3% from $452 million in the first quarter of 2007. The company earned $17 million or 4 cents per share on a GAAP (U.S. generally accepted accounting principles) basis, compared with $25 million or 6 cents per share in the year-ago quarter.
Tellabs confirmed that it is discontinuing the Tellabs 8865 optical line terminal, but continuing development of the Tellabs 1100 GPON multiservice access series. Tellabs will use freed-up resources to fund growth initiatives.
Broadband -- First-quarter 2008 revenue from the broadband segment totaled $202 million, down 8% from $219 million in the first quarter of 2007. Within the broadband segment:
- Data revenue was $43 million, up 51% from $29 million in the year-ago quarter.
- Access revenue was $100 million, down 18% from $121 million in the year-ago quarter.
- Managed access revenue was $59 million, down 14% from $69 million in the year-ago quarter.
Transport -- First-quarter 2008 transport revenue totaled $206 million, up 8% from $191 million in the year-ago quarter.
Services -- First-quarter 2008 services revenue was $56 million, up 34% from $42 million in the year-ago quarter.http://www.tellabs.com
- Earlier this month, citing economic reasons, Tellabs announced that it will discontinue current GPON activities focused on Verizon. Tellabs said the decision serves the best interests of both companies and their respective stakeholders. It will continue to be a multi-product and services supplier to Verizon. Tellabs also noted that it will continue its current access strategy, including BPON and GPON.
