Tellabs Posts Q2 Revenue of $423 Million, up 10% YoY

Tellabs reported Q2 2010 revenue of $423 million, up 10% from $385 million in the second quarter of 2009.
On a GAAP basis, Tellabs earned 17 cents per basic share and 16 cents per diluted share in the second
quarter of 2010, up from 4 cents per share (basic and diluted) in the year-ago quarter. Second-quarter
2010 GAAP net earnings were $64 million, compared with $16 million in the year-ago quarter.


Tellabs' GAAP gross profit margin was 53.5% in the second quarter of 2010, compared with 43.5% in
the year-ago quarter.


"Tellabs is achieving profitable revenue growth as our innovations help our customers succeed in growth
markets such as mobile Internet," said Rob Pullen, Tellabs president and chief executive officer. "In the
second quarter, our growth products with IP and Ethernet technologies generated 58% of our revenue."


For the second quarter of 2010, Broadband segment revenue was $229 million, up 9% from the year-ago
quarter. Transport segment revenue was $133 million, up 12%. Services segment revenue was $61
million, up 8%.
http://www.tellabs.com