Tellabs Reports Q2 Revenue of $288 million

Tellabs reported Q2 revenue of$288 million, compared with $317 million in the year-ago quarter. There was a net loss of $5 million or 1 cent per share in the second quarter of 2012, compared with a net loss of $29 million or 8 cents per share in the second quarter of 2011.

"In the second quarter, Tellabs grew revenue sequentially by 12%, generated $32 million in cash from operations, and improved margins and profitability," said Dan Kelly, Tellabs acting CEO and president. "We won new business and delivered major product releases. While we see a challenging
economic and industry environment ahead, our goals are to help customers succeed and to improve
Tellabs' profitability."http://www.tellabs.com/investors