Ralph
14.11.2000, 22:12
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Sycamore Networks, Inc. Reports First Quarter Fiscal Year 2001 Financial Results
CHELMSFORD, Mass.--(BUSINESS WIRE)--Nov. 14, 2000--Sycamore Networks, Inc. (NASDAQ:SCMR - news), a leader in intelligent optical networking, today reported its first quarter results for the period ended October 28, 2000.
Revenues for the first quarter of fiscal 2001 were $120.4 million, compared with $19.5 million in the first quarter of fiscal 2000 and $90.4 million in the fourth quarter of fiscal 2000, increases of 517 percent and 33 percent, respectively.
Pro forma net income,(1) which excludes the amortization of deferred stock compensation, payroll tax on stock option exercises and acquisition costs, for the first quarter of fiscal 2001 was $6.0 million or $0.02 per share compared with a pro forma net loss of $4.1 million or $(0.02) per share for same period in fiscal 2000.
Actual net loss for the first quarter of fiscal 2001, including the amortization of deferred stock compensation, payroll tax on stock option exercises and acquisition costs was $26.2 million or ($0.11) per share, compared with an actual net loss of $7.4 million or $(0.04) per share for the same period in fiscal 2000.
Source: http://biz.yahoo.com/bw/001114/ma_sycamor.html
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Ralph
Sycamore Networks, Inc. Reports First Quarter Fiscal Year 2001 Financial Results
CHELMSFORD, Mass.--(BUSINESS WIRE)--Nov. 14, 2000--Sycamore Networks, Inc. (NASDAQ:SCMR - news), a leader in intelligent optical networking, today reported its first quarter results for the period ended October 28, 2000.
Revenues for the first quarter of fiscal 2001 were $120.4 million, compared with $19.5 million in the first quarter of fiscal 2000 and $90.4 million in the fourth quarter of fiscal 2000, increases of 517 percent and 33 percent, respectively.
Pro forma net income,(1) which excludes the amortization of deferred stock compensation, payroll tax on stock option exercises and acquisition costs, for the first quarter of fiscal 2001 was $6.0 million or $0.02 per share compared with a pro forma net loss of $4.1 million or $(0.02) per share for same period in fiscal 2000.
Actual net loss for the first quarter of fiscal 2001, including the amortization of deferred stock compensation, payroll tax on stock option exercises and acquisition costs was $26.2 million or ($0.11) per share, compared with an actual net loss of $7.4 million or $(0.04) per share for the same period in fiscal 2000.
Source: http://biz.yahoo.com/bw/001114/ma_sycamor.html
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Ralph