Sycamore Networks (SCMR) Q4 Revs Come in Ahead of Views
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Price: $0.37 --0%
Revenue Growth %: +1.7%
Financial Fact:
Total cost of revenue: 4.02M
Today's EPS Names:
ZLC, TOL, TGT, More
Revenue Growth %: +1.7%
Financial Fact:
Total cost of revenue: 4.02M
Today's EPS Names:
ZLC, TOL, TGT, More
Trade SCMR Now!
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.
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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.
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