SONUS REWARDED BY WALL STREET
Sonus Networks, Inc., which provides VoIP infrastructure solutions for wireline and wireless service providers, received its reward today for the news it reported following the close of the market yesterday.
Yesterday's numbers, in fact, were quite impressive.
Revenues for the second quarter of fiscal 2005 totaled $58.1 million compared with $33.6 million in the first quarter of fiscal 2005, and $42.4 million during the second quarter of fiscal 2004. In addition, net income for the second quarter of fiscal 2005 reached $9.7 million compared with a net loss for the first quarter of fiscal 2005 of $3.7 million, and compared with net income of $4.9 million in the second quarter of fiscal 2004.
The reward was a 9 percent increase in the stock price today, up from yesterday's closing price of $4.69 to today's $5.13 close.
By Glenn J. Kalinoski, Executive Editor, Customer Inter@ction Solutions
Tags: Sonus Networks second quarter fiscal 2005 stock price
Related Tags: quarter fiscal, second quarter, million compared, million, fiscal, quarter
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