Tellabs Revenue Rises to $380 million, up 5% YoY

Tellabs reported Q1 2010 revenue of $380 million, up 5% from $362 million in the first quarter of 2009.
On a GAAP basis, Tellabs earned 12 cents per diluted share in the first quarter of 2010, up from 2 cents
per share in the first quarter of 2009. First-quarter 2010 GAAP net earnings were $45.9 million, compared
with $6.5 million in the year-ago quarter. First-quarter 2010 GAAP net earnings include a $3.4 million
net tax benefit.


Tellabs' GAAP gross profit margin was 50.7% in the first quarter of 2010, compared with 44.2% in the
year-ago quarter.


"By focusing on growth products, and innovating in growth markets such as mobile Internet, Tellabs is
helping customers succeed and achieving profitable revenue growth," said Rob Pullen, Tellabs president
and chief executive officer. "Customer demand for our growth products is improving, as they generated a
record 57% of Tellabs' first-quarter revenue."


Tellabs growth products include the Tellabs 6300, 7100, 7300, 8600, 8800 and 9100 platforms, as well
as Tellabs professional services.


For the first quarter of 2010, Broadband segment revenue was $191 million, up 7% from the year-ago
quarter. Transport segment revenue was $128 million, down 2%. Services segment revenue was $61
million, up 13%.
http://www.tellabs.com