Calix Reports Q2

Friday, 22 July 2011 12:32

Calix, Inc. today announced unaudited financial results for the second quarter ended June 25, 2011. Revenue for the second quarter of 2011 was $98.0 million, an increase of 36.7% compared to $71.7 million for the second quarter of 2010. Non-GAAP net income for the second quarter of 2011 was $7.8 million, or $0.16 per fully diluted share, an increase of 40.8% compared to non-GAAP net income of $5.5 million, or $0.14 per fully diluted share, for the second quarter of 2010. A reconciliation of GAAP and non-GAAP results is included as part of this release. "Calix set a new revenue record in Q2 as we built upon favorable secular trends affecting our markets," said Carl Russo, president and CEO of Calix. "In our first full quarter of operations after closing our acquisition, we executed well across all areas of the business, and reported results that were ahead of expectations." Calix Networks Inc