Ascend Communications, Inc.
Condensed Consolidated Statements of Operations
Unaudited
(In Thousands, Except Per Share Data)
Quarter Ended March 31,
1998 1997
Net Sales $ 305,114 $ 292,740
Cost of Sales 109,810 102,387
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Gross Profit 195,304 190,353
Operating Expenses:
Research and Development 40,988 34,668
Sales and Marketing 67,339 53,241
General and Administrative 10,044 9,089
Purchased Research and Development -- 231,100
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Total Operating Expenses 118,371 328,098
Operating Income (Loss) 76,933 (137,745)
Interest Income, Net 4,964 5,276
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Income (Loss) Before Income Taxes 81,897 (132,469)
Provision for Income Taxes 29,525 30,772
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Net Income (Loss) $ 52,372 ($163,241)
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Net Income (Loss) Per Share - Basic $ 0.27 ($ 0.88)
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Net Income (Loss) Per Share - Diluted $ 0.26 ($ 0.88)
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Number of Shares
Used in Per Share Calculation - Basic 192,849 185,812
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Number of Shares Used in
Per Share Calculation - Diluted 203,245 185,812
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