[November 09, 2009] Sonus Networks Q3 net loss narrows Tweet Nov 09, 2009 (Datamonitor via COMTEX) -- Sonus Networks, a provider network transformation through IP communications technology, has reported a net loss of $3.39 million, or $0.01 per diluted share, for the third quarter ended September 30, 2009, compared to a net loss of $21.25 million, or $0.08 per diluted share, in the third quarter of fiscal 2008. For the third quarter of fiscal 2009, total revenues were $56.16 million, compared to $62.18 million for the third quarter of fiscal 2008. For the first nine months ended September 30, 2009, total revenues were $158.78 million, compared to $223.60 million in the same period of 2008. Net loss was $15.24 million, or $0.06 per diluted share, compared to a net loss of $20.95 million, or $0.08 per diluted share, in the same period of 2008. Richard Nottenburg, president and CEO of Sonus Networks, said: "During the third quarter we completed our restructuring initiatives which started in the second half of 2008. We continue to focus on investing in new products and service offerings bringing innovative solutions to the market." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]