Tellabs Q2 Revenues Fall to $212 Million

Tellabs reported Q2 2013 revenues of $212 million, compared with $288 million in the year-ago quarter. On a GAAP basis, Tellabs recorded a net loss of $8 million or 2 cents per share in the second quarter of 2013, compared with a net loss of $5 million or 1 cent per share in the second quarter of 2012.

Tellabs’ GAAP gross profit margin was 37.8% in the second quarter of 2013, compared with39.6% in the year-ago quarter.

“We made good progress in the second quarter, compared with the first quarter, as revenue and gross profit margins improved,” said Dan Kelly, Tellabs CEO and president. “We’re encouraged by this progress as we work to revitalize Tellabs with a focus on customers, strategy and results.”

http://www.tellabs.com