Newbridge Reports Healthy Second Quarter - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Newbridge Reports Healthy Second Quarter

Newbridge Networks Corp. yesterday posted gains in profits and sales for the second quarter, which closed Nov. 1. Revenue was up 7% from the year-ago period, to $457 million, while diluted net earnings for the period were $53 million, or 18 cents per share.

Newbridge attributes revenue growth largely to the increase in its WAN packet business, fueled mostly by sales of its MainStreet Xpress 36170 Multiservices Switch. The company also reported healthy sales of its Time Division Multiplexers, with revenue reaching $194 million.

Company officials also point to improved operating efficiency. Inventory dropped by $20 million, while operating expenses rose by only $2 million, or 1%, during the quarter. Newbridge also increased its cash position, from first quarter's $252 million reserve to second quarter's $761 million.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
How to Create a Successful AI Program
Jessica Davis, Senior Editor, Enterprise Apps,  10/14/2020
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll