Sonus Networks Reports Full Financial Results for Fourth Quarter and Fiscal Year 2007
(more copy at link below)
Industry Leader Reports Strong Quarterly Sequential Revenue Growth and
Profitability
Company to Host Conference Call Today, Thursday, March 6th at 9:00 a.m.
Eastern Time
WESTFORD, Mass., March 6 /PRNewswire-FirstCall/ -- Sonus Networks, Inc.
(Nasdaq: SONS), a leading supplier of service provider IP-voice
infrastructure solutions, today reported that it has filed its Annual
Report on Form 10-K for the fiscal year 2007 with the Securities and
Exchange Commission (SEC). The full audited financial results reported
today are consistent with the previously reported preliminary results for
the quarter and year ended December 31, 2007.
"I am pleased to have our Form 10-K now on file with the SEC. We are
disappointed in the delay in filing our financial statements and will
continue to drive progress to improve our financial reporting process. This
delay does not detract from our strong sequential revenue growth and
improved profitability for the fourth quarter of 2007," said Hassan Ahmed,
chairman, president and CEO. "In the second half of 2007, we re-established
momentum in our business, ending the fourth quarter with orders that
significantly exceed revenue for the quarter. Our 2007 annual revenue
growth again exceeded industry analysts' assessments of the overall market
growth for 2007, demonstrating that Sonus is continuing to gain market
share. I am confident in our ability to continue to outpace the market
growth as we move into 2008 and beyond."
Sonus Networks has scheduled a brief conference call for today,
Thursday, March 6, 2008, at 9:00 a.m. EST to review its full financial
results for Q4 and fiscal year 2007.
Date: Thursday, March 6, 2008
Time: 9:00 a.m. EST
To listen via telephone:
Dial-in number: 800 913 8744
International Callers: +1 212 231 2901
To listen via the Internet:
prnewswire.com |
