Bookham Technology plc Interim Results for Second Quarter and Six Months Ended July 2, 2000 -- Revenues Up 84% in Second Quarter
OXFORDSHIRE, England, Aug. 9 /PRNewswire/ -- Bookham Technology plc (Nasdaq: BKHM - news; LSE: BHM) today announced results for the second quarter and the six months ended July 2, 2000.
HIGHLIGHTS
Second quarter ended July 2, 2000
-- Revenues increased by 84% from the previous quarter from
2.5 million pounds sterling (pounds) ($3.8 million) to
4.6 million pounds ($7.0 million), up 1018% compared to same quarter
last year.
-- Net loss of 4.6 million pounds ($6.9 million) before UK National
Insurance provisions, down from 5.6 million pounds ($8.5 million) in
the previous quarter.
-- Continuing expansion in manufacturing capacity through the opening of
a new manufacturing facility in Swindon, UK.
-- Recruitment proceeding aggressively with head count up from
393 employees at the end of the previous quarter to 593 on July 2, 2000
(up 51%).
-- DWDM supply contract secured with Marconi Communications.
Commenting on the results, Andrew Rickman, Chief Executive Officer, said:
"We are delighted with our progress in the first half of the year. This strong set of results is a reflection of the increasing acceptance of our technology and products within the optical networking market place.
Our extensive recruitment programme is progressing on target. The quality of people we have been able to attract has been outstanding. This, and the success we have had in continuing to expand our facilities on schedule, will enable the company to position itself to capture opportunities resulting from the major growth predicted for our industry."....
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