Sycamore Networks (SCMR) Q4 Revs Come in Ahead of Views
Get Alerts SCMR Hot Sheet
Join SI Premium – FREE
Sycamore Networks, Inc. (NASDAQ: SCMR) today announced revenue for its fiscal fourth quarter and year ended July 31, 2012 of $16.8 million and $57.3 million, respectively. This compares to $13.0 million and $48.7 million for the comparable 2011 fiscal periods. All revenues were derived from sales of the Company’s Intelligent Bandwidth Management products and services.
The Street was looking for Q4 sales of $12.9 million and FY12 sales of $53.3 million.
The Company ended the year with cash, cash equivalents and short and long-term investments of $439.4 million compared to $441.4 million at July 31, 2011.
Full financial results for the Company’s fourth quarter and fiscal year 2012 are pending completion of impairment testing for long-lived assets, which the Company is periodically required to assess. The Company expects that charges, if any, would be non-cash and are estimated not to exceed $2.0 million. After completion of this analysis, the Company expects to release its final financial results within its required filing deadlines.
The Street was looking for Q4 sales of $12.9 million and FY12 sales of $53.3 million.
The Company ended the year with cash, cash equivalents and short and long-term investments of $439.4 million compared to $441.4 million at July 31, 2011.
Full financial results for the Company’s fourth quarter and fiscal year 2012 are pending completion of impairment testing for long-lived assets, which the Company is periodically required to assess. The Company expects that charges, if any, would be non-cash and are estimated not to exceed $2.0 million. After completion of this analysis, the Company expects to release its final financial results within its required filing deadlines.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- Phillips Edison & Company (PECO) Reports In-Line Q1 EPS, provides guidance
- COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance
Create E-mail Alert Related Categories
GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!