Last week, Sonus Networks reported total revenue growth of 7.5 percent during the third quarter of the 2014 fiscal year.
In their quarterly earnings report, the company indicated that it obtained $73.2 million during the quarter, down from $75.6 million in Q2.
However, the company’s profits from non-GAAP estimates (Generally Accepted Accounting Practices), was $3.5 million.
“Compared to the third quarter of 2013, our non-GAAP gross margins increased by 410 basis points and our non-GAAP net income grew 26%,” said Sonus Chief Financial Officer Mark Greenquist. “These results, coupled with continued growth in cash from operations, demonstrate excellent progress toward improving the Company’s operating leverage.”
The company projects Q4 revenue in the range of $76 to $82 million with total fiscal year revenues somewhere between $295 and $301 million
More information on the company is available on the investor relations page of its website.