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
2019 State of DevOps
2019 State of DevOps
DevOps is needed in today's business environment, where improved application security is essential and users demand more applications, services, and features fast. We sought to see where DevOps adoption and deployment stand, this report summarizes our survey findings. Find out what the survey revealed today.
Commentary
Will AI and Machine Learning Break Cloud Architectures?
Lisa Morgan, Freelance Writer,  6/10/2019
Slideshows
9 Steps Toward Ethical AI
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/15/2019
Commentary
Humans' Fascination with Artificial General Intelligence
Guest Commentary, Guest Commentary,  6/6/2019
Register for InformationWeek Newsletters
Video
Current Issue
A New World of IT Management in 2019
This IT Trend Report highlights how several years of developments in technology and business strategies have led to a subsequent wave of changes in the role of an IT organization, how CIOs and other IT leaders approach management, in addition to the jobs of many IT professionals up and down the org chart.
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