The Sunnyvale, California-based company, which is snapping at the heels of Cisco Systems Inc in the router market, said that with the industry transformation to IP, the market is moving towards products it was built to deliver.
In the fourth quarter to December 31, net income was $2.7m, down from income of $15.9m on revenue up 2.8% at $155.3m. For the year, the loss was $4.8m, down from income of $169.9m on revenue that fell 38.4% to $546.5m.
CEO Scott Kriens said the company now supplies 23 of the top 25 service-provider customers, whereas a year ago it only supplied nine.
Source: Computerwire
