Tellabs reported first-quarter 2005 revenue of $436 million, up 65% from $264 million in the first quarter of 2004 — including a full quarter of AFC product revenue of $128 million. Excluding AFC product revenue, Tellabs’ revenue grew 17% year over year.
Tellabs earned $0.7 million or less than one cent per share in the first quarter of 2005 on a GAAP basis. Tellabs earned $26 million or 6 cents per share on a non-GAAP basis.
Transport – Revenue from transport systems totaled $158 million, up 16% from $136 million in the first quarter of 2004.
Access – Revenue from access products totaled $128 million. (AFC product revenue).
Managed Access – Revenue from managed access systems was $93 million, up 34% from $69 million in the first quarter of 2004.
Broadband Data – Revenue from broadband data products was $7 million, up 69% from $4 million in the first quarter of 2004.
Voice Quality Enhancement – Revenue from voice-quality enhancement and other systems amounted to $15 million, down 34% from $23 million in the first quarter of 2004.
Services – Services revenue was $35 million, up 11% from $32 million in the first quarter of 2004.
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