[May 07, 2013] Ceragon Networks decreased revenues due to longer sales cycles Tweet May 07, 2013 (TELECOMWORLDWIRE via COMTEX) -- Ceragon Networks Ltd. (NASDAQ: CRNT) has reported revenues for the first quarter of 2013 reached USD90.1m, down 18% from USD110.0m for the first quarter of 2012, and down 16% from USD106.8m in the fourth quarter of 2012. "Our financial results for the first quarter of 2013 reflect longer sales cycles," said Ira Palti, CEO. "The outlook remains the same as we indicated on April 8th. We are not seeing carriers cancelling or reducing the scope of their planned projects, and the delays in closing deals relate mainly to operator hesitation during a period of reevaluating business models with a network architecture transition on the horizon. "Meanwhile, the response to our new product line from initial evaluations is very encouraging, and we expect to be able to capitalize on our leadership position beginning next year when the transition to new architectures expands beyond early adopters." Ceragon Networks is the #1 wireless backhaul specialist. Ceragon's high-capacity, solutions use microwave technology to transfer voice and data traffic while maximizing bandwidth efficiency, to deliver more capacity over longer distances under any deployment scenario. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ]