Tellium’s 3Q better than expected
Optical switch vendor Tellium reported better-than-expected earnings for the third quarter. The revenues increased 32% to $40.1 million. In contrast to First Call’s estimate of a 16 cent per share loss, Tellium ended up only with at 5 cent per share loss. The net loss on a pro forma cash basis was $7.4 million.
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“We are on a much faster track to profit,” said Harry Carr, CEO of Tellium.
Tellium recently revealed its new customer win of Dynegy, which is deploying the company’s Aurora optical switches to create a mesh-based network. The provider will be able to deliver new services and legacy services on an excellent cost structure, according to Carr.
“It will put them in a strong competitive position,” he said.
--Liane LaBarba, senior editor
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© 2012 Penton Media Inc.
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