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WESTFORD, Mass. (CBS.MW) -- Sonus Networks on Wednesday said profits for the second quarter rose eight-fold
despite a soft economic environment as carriers shifted towards technologies that can offer new revenue-generating
services. The maker of hardware and softwre for voice and data networks (SONS) earned $1.2 million, or 1 cent a share,
before stock-based compensation and goodwill amortization charges. Analysts polled by First Call/Thomson Financial
expected a break-even quarter. Last year, Sonus made $151,000 before non-cash charges, or less than a penny a
share. Revenue rose by 27 percent to $52.6 million in the quarter, up from $41.5 million. Including all the charges,
Sonus had a net loss of $51.4 million, or 30 cents a share, in the second quarter compared with a loss of $82.5 million,
or 51 cents. Shares of Sonus are up 6.7 percent to $20.20 after hours. During the regular session, the stock was up 8.4 percent to $18.93.
despite a soft economic environment as carriers shifted towards technologies that can offer new revenue-generating
services. The maker of hardware and softwre for voice and data networks (SONS) earned $1.2 million, or 1 cent a share,
before stock-based compensation and goodwill amortization charges. Analysts polled by First Call/Thomson Financial
expected a break-even quarter. Last year, Sonus made $151,000 before non-cash charges, or less than a penny a
share. Revenue rose by 27 percent to $52.6 million in the quarter, up from $41.5 million. Including all the charges,
Sonus had a net loss of $51.4 million, or 30 cents a share, in the second quarter compared with a loss of $82.5 million,
or 51 cents. Shares of Sonus are up 6.7 percent to $20.20 after hours. During the regular session, the stock was up 8.4 percent to $18.93.
