Tellabs reported Q1 2011 revenue of $322 million, down 15% from $379 million in the first quarter of 2010.
Tellabs recorded a net loss (GAAP) of $24 million or 7 cents per share in the first quarter of
2011, compared with net earnings of $46 million or 12 cents per share in the first quarter of 2010.
For the first quarter of 2011, Broadband segment revenue was $173 million, Transport segment revenue
was $99 million and Services segment revenue was $50 million.
“While international revenue grew 40% from a year ago, lower revenue in North America drove Tellabs’
first-quarter results,” said Rob Pullen, Tellabs president and chief executive officer. “Going forward, we
will continue to invest in the smart mobile Internet through increased R&D spending to position Tellabs
for long-term growth.”http://www.tellabs.com
