DASAN Zhone Solution (DZSI) Misses Q1 EPS by 2c; Offers FY23 Revenue Guidance

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Go back to DASAN Zhone Solution (DZSI) Misses Q1 EPS by 2c; Offers FY23 Revenue Guidance

DZS Releases First Quarter 2023 Financial Results

May 8, 2023 4:05 PM EDT

DALLAS, May 08, 2023 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a global leader of access, optical and cloud-controlled software defined solutions, today announced financial results for its first quarter ended March 31, 2023.

Q1 revenue of $91 million resulted in an 18% increase year-over-year and 23% increase on a constant currency basis. While near-term macroeconomic conditions, slower than expected government disbursements, and timing with certain deployment schedules are impacting maximum growth... More