Avici Systems (AVCI) Reports Q2 Earnings, Guides Higher for FY Revenues
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Avici Systems Inc. (NASDAQ: AVCI) reports Q2 non-GAAP EPS of $0.86, (GAAP EPS was $0.82) vs. consensus of $0.21 - Only 1 analyst. Revenues were $29.6 million vs. $15.83 million consensus.
Based on final orders received for its router products including network expansion and customer last time purchases, Avici is raising its expected revenue guidance for the full year 2007 to $110 to $125 million with the variability attributable to timing of manufacturing and final shipment dates. (Consensus is $60.16 million)
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