Tellabs Revenue Drops 20% YoY to $258 Million

Tellabs reported Q1 2012 revenue of $258 million, down from $322 million in the year-ago quarter. There was a net loss of $140 million or 38 cents per share in the first quarter of 2012, compared with a net loss of $24 million or 7 cents per share in the first quarter of 2011. Tellabs’ GAAP gross profit margin was 37.1% in the first quarter of 2012, compared with 37.9% in the year-ago quarter.


Broadband segment revenue was $130 million, Transport segment revenue was $80 million and Services segment revenue was $48 million.


�?The first quarter of 2012 was tough, yet we made progress on advancing Tellabs’ solutions and
products,�? said Rob Pullen, Tellabs CEO and president. “Looking ahead to the second quarter, we’re
encouraged by solid bookings and we expect to see revenue growth and profitability on a non-GAAP
basis.�?http://www.tellabs.com