Ceragon Networks reported record Q1 2010 revenue of $59.7 million, up 36% from $43.9 million for the first quarter of 2009 and up 12% from $53.4 million in the fourth quarter of 2009. Net income (GAAP) was $3.0 million or $0.09 per basic share and $0.08 per diluted share, compared to net income of $0.2 million in the first quarter of 2009, or $0.01 per basic and diluted share.
Ceragon supplies high-capacity, LTE/4G-ready wireless backhaul equipment.
Geographic breakdown of revenue:
EMEA — 23%
North America — 21%
Asia Pacific — 53%
Latin America — 3%
“The year is off to a very strong start in part because we were able to recognize revenue from some turnkey projects earlier than originally expected,” said Ira Palti, President and CEO of Ceragon. http://www.ceragon.com/