Tellabs reported Q1 revenue of $515 million, up 18% from $436 million in the first quarter of 2005. On a GAAP basis, Tellabs earned $52 million or 11 cents per share compared with $1 million or less than one cent per share in the first quarter of 2005.
- Broadband – Revenue from the broadband segment totaled $260 million, up 14% from $228 million in the first quarter of 2005. Within the broadband segment, access product revenue totaled $164 million, up 28% from $128 million in the first quarter of 2005; managed access product revenue totaled $74 million, down 22% from $94 million a year ago; and broadband data product revenue more than tripled to $22 million from $7 million a year ago.
- Transport – Revenue from the transport segment totaled $214 million, up 24% from $173 million in the first quarter of 2005, driven by demand from wireless-quality enhancement products.
- Services – Services revenue was $41 million, up 18% from $34 million in the first quarter of 2005.
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