[May 13, 2013] Sonus Networks reports higher Q1 net loss, provides outlook for Q2 Tweet May 13, 2013 (Datamonitor via COMTEX) -- Sonus Networks, Inc., a provider of networked solutions for communications service providers, has reported that net loss for the first quarter ended March 29, 2013 was $13.75 million, or $0.05 loss per share, compared to a net loss of $6.44 million, or $0.02 loss per share, for the same quarter ended March 30, 2012. For the second quarter of 2013, the company expects total revenue in the range of $66 million to $68 million. Total revenue for the first quarter ended March 29, 2013 was $63.29 million, compared to $64.34 million for the same quarter ended March 30, 2012. Loss from operations for the first quarter ended March 29, 2013 was $13.47 million, compared to $6.2 million for the same quarter ended March 30, 2012. Total assets as of March 29, 2013 were $454.89 million, compared to $471.32 million, as of December 31, 2012. For fiscal 2013, the company expects diluted earnings per share to be in the range of $0.00 to $0.01. For fiscal 2013, the company expects total revenue to be in the range of $267 million to $271 million. Ray Dolan, president and CEO, said: "Sonus delivered solid first quarter results, highlighted by continued strong SBC revenue growth which increased 77% over the first quarter last year. Our results reflect consistent execution and position us for a strong year. In addition to delivering top-line growth, we remain focused on achieving profitability on a non-GAAP basis and generating cash from operations for the full year 2013." 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 ]