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Sonus Posts Q3

WESTFORD, Mass. -- Sonus Networks, Inc. (Nasdaq: SONS), providing network transformation through IP communications technology, today announced results for the third quarter ended September 30, 2009.

Revenue for the third quarter of fiscal 2009 was $56.2 million, compared to $61.6 million in the second quarter of fiscal 2009 and revenue from continuing operations of $62.2 million for the third quarter of fiscal 2008. The Company's net loss on a GAAP basis was $3.4 million, or $0.01 per share, for the third quarter of 2009, compared to net income of $4.4 million, or $0.02 per diluted share, for the second quarter of 2009, and a loss from continuing operations of $20.7 million, or $0.08 per share, for the third quarter of 2008. The Company ended the quarter with cash, cash equivalents, marketable securities and investments totaling $394.2 million.

“During the third quarter we completed our restructuring initiatives which started in the second half of 2008,” said Richard Nottenburg, president and chief executive officer of Sonus Networks. "We continue to focus on investing in new products and service offerings bringing innovative solutions to the market.”

Sonus Networks Inc. (Nasdaq: SONS)
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