ASCEND & CASCADE numbers
ASCEND REPORTS Q197 RESULTS
Ascend Communications reported quarterly revenues of
US$202.4 million, up 120% over the same period last year.
Net income for the quarter was US$46.3 million, or US$0.36
per share, excluding the one time charge of US$18.0 million
related to the acquisition of InterCon Systems Corp.
Expenses related to the acquisition of Whitetree
Communications, which closed on April 1, 1997, are not
reflected in these results. (http://www.ascend.com)
(Business Wire, April 10, 1997)
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CASCADE REPORTS Q197 RESULTS
Cascade Communications reported quarterly revenues of
US$90.3 million, an increase of 61% over the same period
last year, but a decline of 18% from the previous quarter.
Including a one time charge of US$213.1 million associated
with the acquisition of Sahara Networks, Cascade reported a
net loss of US$198.3 million, or US$2.13 per share.
Excluding the charge, net income was US$14.8 million, or
US$0.15 per share. On March 30, Ascend announced its plans
to acquire Cascade. (http://www.cascade.com)
(Business Wire, April 10, 1997)
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