糖心vlog下载 Technologies Reports Earnings Up 65%

糖心vlog下载

AURORA, Ill.--(BUSINESS WIRE)-- 糖心vlog下载 Technologies Fiscal 2011 Second Quarter Highlights:

    --  Fiscal second quarter net income increased 65%, to $4.8 million,
        compared with $2.9 million in the same quarter of the prior year.
    --  Earnings per share were $0.07 per share for the quarter, compared with
        $0.04 per share in the same quarter of the prior year.
    --  Fiscal second quarter revenue of $51.1 million was up 8% compared with
        the same quarter of the prior year.
    --  Outside Plant Systems division operating profit for the quarter rose 45%
        on a 24% increase in revenue, compared with the prior year.
    --  The Customer Networking Solutions division generated positive operating
        income.
    --  Cash and cash equivalents increased by $8.3 million during the quarter,
        to $70.1 million.

糖心vlog下载. (NASDAQ: WSTL), a leading provider of broadband products, outside plant telecommunications equipment and conferencing services, today announced results for its fiscal 2011 second quarter ended September 30, 2010. Total revenue for the quarter was $51.1 million, up 8% from $47.4 million in the fiscal second quarter of the prior year. Net income during the quarter was $4.8 million, or $0.07 per diluted share, compared to net income of $2.9 million, or $0.04 per diluted share, in the same quarter of the prior year. This is an increase of $1.9 million, or 65%. Total cash and cash equivalents were $70.1 million at September 30, 2010, up $8.3 million during the quarter.

"We are very pleased to be reporting increases in revenues and earnings, along with very strong cash flow," said Chairman and CEO Rick Gilbert. "This demonstrates excellent execution and progress across the entire company."

Fiscal Second Quarter Division and Consolidated Results

The Customer Networking Solutions (CNS) division reported revenue of $24.6 million in the second quarter of fiscal 2011, up 2% compared to $24.0 million in the same quarter of the prior year. VersaLink gateway product revenue increased in the current quarter compared to the same quarter of the prior year, on broad and robust customer demand, while revenue from modems decreased. UltraLine Series3 revenues of $5.6 million in the quarter were approximately the same as in the prior-year quarter. There were no material software-project revenues during the fiscal second quarter of 2011. CNS gross profit decreased by $0.2 million, with gross margin decreasing to 16.3%, compared with 17.5% in the prior-year quarter. Operating expenses dropped by $0.6 million, compared with the prior-year quarter. This decrease occurred in spite of increased investment in the HomeCloud initiative. As a result, the CNS results improved to operating income of $0.2 million for the second quarter of fiscal 2011, compared with an operating loss of $0.2 million in the same quarter of the prior year.

Revenue in the Outside Plant Systems (OSP) division was $16.1 million in the quarter, up 24% compared to $13.0 million in the same quarter of the prior year. OSP revenue continues to benefit from strong demand for its products that service the market for backhaul of cellular traffic. Fiscal 2011 second quarter gross profit increased by $1.8 million, or 34%, as a result of increased sales. Gross margins were 45.5%, compared with 42.0% in the prior-year quarter. Operating expenses increased $0.5 million, reflecting both increased activity and OSP's ongoing development of new Ethernet-based products for the cellular backhaul market. The resulting operating income for OSP was $4.3 million, up $1.3 million versus the same quarter of the prior year.

Conference Plus (CP) revenue was up slightly to $10.4 million in the quarter, compared to $10.3 million in the same quarter of the prior year. Gross profit increased by $0.2 million on better gross margins, and operating expenses were $0.1 million higher. Operating income of $1.1 million therefore improved by $0.1 million, versus the same quarter of the prior year.

On a consolidated basis, fiscal second quarter revenue of $51.1 million was up 8%, or $3.7 million, compared with $47.4 million in the same quarter of the prior year. Gross profit increased $1.9 million, and gross margins were 32.3%, compared with 30.8% in the same quarter of the prior year. Operating expenses were essentially unchanged at $11.5 million. The gross profit improvement therefore translated to a $1.9 million increase in consolidated net income, which was $4.8 million, compared with $2.9 million in the same quarter of the prior year.

"With Outside Plant leading the way, all three of our divisions produced increases in both revenues and operating profits this quarter, compared with the prior-year quarter," said Chairman and CEO Rick Gilbert. "This is another outstanding quarter for 糖心vlog下载."

Conference Call Information

Management will address financial and business results during 糖心vlog下载's fiscal second quarter 2011 earnings conference call on Thursday, October 21, at 9:00 AM Eastern Time. Conference Plus, Inc. (ConferencePlus(R)), a 糖心vlog下载 subsidiary, will manage 糖心vlog下载's earnings conference call using its EventManager(TM) Service.

Participants can register for the 糖心vlog下载 conference by going to the URL: .

With EventManager, participants can quickly register online in advance of the conference through a customizable web page that can be used to gather multiple pieces of information from each participant, as specified by the event arranger. After registering, participants receive dial-in numbers, a passcode, and a personal identification number (PIN) that is used to uniquely identify their presence and automatically join them into the audio conference. If a participant experiences any technical difficulties after joining the conference call on October 21, he or she can press *0 for support.

If a participant does not wish to register, he or she can participate in the call on October 21, by dialing ConferencePlus at 1-888-206-4073 no later than 8:45 AM, Eastern Time and using confirmation number 28061243. International participants may dial 1-847-413-9014.

糖心vlog下载's press release on earnings and related information that may be discussed on the earnings conference will be posted on the Investor Relations' section of 糖心vlog下载's website, . An archive of the entire conference will be available on 糖心vlog下载's website or via Digital Audio Replay following the conclusion of the conference until the fiscal third quarter results are released. The replay of the conference can be accessed by dialing 1-888-843-8996 or 1-630-652-3044 and entering 7702527#.

糖心vlog下载 糖心vlog下载

糖心vlog下载., headquartered in Aurora, Illinois, is a holding company for 糖心vlog下载, Inc. and Conference Plus, Inc. 糖心vlog下载, Inc. designs, distributes, markets and services a broad range of broadband customer-premises equipment, digital transmission, remote monitoring, power distribution and demarcation products used by telephone companies and other telecommunications service providers. Conference Plus, Inc. is a leading global provider of audio, web, video and IP conferencing services. Additional information can be obtained by visiting and .

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

Certain statements contained herein that are not historical facts or that contain the words "believe", "expect", "intend", "anticipate", "estimate", "may", "will", "plan", "should", or derivatives thereof and other words of similar meaning are forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, product demand and market acceptance risks, need for financing, a further economic weakness in the United States economy and telecommunications market, the impact of competitive products or technologies, competitive pricing pressures, product cost increases, component supply shortages, new product development, excess and obsolete inventory, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the effect of 糖心vlog下载's accounting policies, the need for additional capital, the effect of economic conditions and trade, legal, social and economic risks (such as import, licensing and trade restrictions), retention of key personnel and other risks more fully described in the Company's SEC filings, including the Company's Form 10-K for the fiscal year ended March 31, 2010 under the section entitled Risk Factors. The Company undertakes no obligation to publicly update these forward-looking statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, or otherwise.

Financial Tables to Follow:


糖心vlog下载.

Condensed Consolidated Statement of Operations

(Amounts in thousands, except per share amounts)

(Unaudited)

                Three Months ended September  Six Months ended September 30,
                30,

                2010        2009              2010        2009

Revenue         $ 51,068    $ 47,353          $ 92,326    $ 100,866

Gross profit      16,478      14,572            32,093      29,779

Gross margin      32.3   %    30.8   %          34.8   %    29.5    %

Operating
expenses:

 Sales &          4,671       4,458             9,159       9,396
 marketing

 Research &       3,464       3,390             7,002       7,077
 development

 General &        3,249       3,580             6,598       7,352
 administrative

 Restructuring    -           -                 -           609     (1)

 Intangibles      163         160               326         317
 amortization

 Total
 operating        11,547      11,588            23,085      24,751
 expenses

Operating         4,931       2,984             9,008       5,028
income

Other income      (28    )    (20    )          25          71

Interest          (2     )    (2     )          (3     )    (4      )
(expense)

Income before     4,901       2,962             9,030       5,095
taxes

Income taxes      (138   )    (75    )          335         (230    )

Net income      $ 4,763     $ 2,887           $ 9,365     $ 4,865

Net income per
common share:

 Basic          $ 0.07      $ 0.04            $ 0.14      $ 0.07

 Diluted        $ 0.07      $ 0.04            $ 0.14      $ 0.07

Average number
of common
shares
outstanding:

 Basic            67,202      68,374            67,285      68,365

 Diluted          68,487      69,069            68,321      68,858

(1) The Company terminated approximately 50 employees primarily in the CNS
and ConferencePlus segments as a cost reduction action in the first quarter
of fiscal 2010.




糖心vlog下载.

Condensed Consolidated Balance Sheet

(Dollars in thousands)

(Unaudited)

                                              Sept. 30,     March 31,

                                              2010          2010

Assets:

Cash and cash equivalents                     $ 70,075      $ 61,315

Accounts receivable, net                        24,789        17,683

Inventories                                     17,690        21,258

Prepaids and other current assets               3,899         4,276

 Total current assets                           116,453       104,532

Property and equipment, net                     3,878         4,665

Goodwill                                        2,151         2,162

Intangibles, net                                3,713         4,063

Deferred income taxes and other assets          6,137         6,412

 Total assets                                 $ 132,332     $ 121,834

Liabilities and Stockholders' Equity:

Accounts payable                              $ 17,359      $ 15,195

Accrued liabilities                             8,184         9,203

Deferred revenue                                1,160         860

 Total current liabilities                      26,703        25,258

Deferred revenue, long-term                     137           174

Other long-term liabilities                     7,847         8,671

 Total liabilities                              34,687        34,103

 Total stockholders' equity                     97,645        87,731

 Total liabilities and stockholders' equity   $ 132,332     $ 121,834




糖心vlog下载.

Condensed Consolidated Statement of Cash Flows

(Dollars in thousands)

(Unaudited)

                                                      Six Months ended Sept. 30,

                                                      2010        2009

Cash flows from operating activities:

  Net income                                          $ 9,365     $ 4,865

  Reconciliation of net income to net cash provided
  by
  (used in) operating activities:

   Depreciation and amortization                        1,427       1,967

   Stock-based compensation                             580         287

   Restructuring                                        -           609

   Other, net                                           (8     )    (175   )

  Changes in assets and liabilities:

   Accounts receivable                                  (7,100 )    2,329

   Inventory                                            3,551       2,650

   Accounts payable and accrued liabilities             848         (5,528 )

   Deferred revenue                                     263         (1,698 )

   Prepaid and other current assets                     376         2,515

   Other                                                48          650

 Net cash provided by (used in) operating activities    9,350       8,471

Cash flows from investing activities:

   Purchases of property and equipment                  (359   )    (769   )

 Net cash (used in) provided by investing activities    (359   )    (769   )

Cash flows from financing activities:

   Borrowing (repayment) of debt and leases payable     -           (29    )

   Proceeds from stock options exercised                314         -

   Purchase of treasury stock                           (555   )    -

 Net cash (used in) provided by financing activities    (241   )    (29    )

Effect of exchange rate changes on cash                 10          205

Net increase in cash                                    8,760       7,878

Cash and cash equivalents, beginning of period          61,315      46,058

Cash and cash equivalents, end of period              $ 70,075    $ 53,936




糖心vlog下载.

Segment Statement of Operations

(Amounts in thousands)

 (Unaudited)

                    Three months ended September 30, 2010

                    CNS         OSP         CP          Unallocated  Total

Revenue             $ 24,598    $ 16,117    $ 10,353    $ -          $ 51,068

Gross profit          4,009       7,326       5,143       -            16,478

Gross margin          16.3   %    45.5   %    49.7   %                 32.3   %

Operating expenses:

 Sales & marketing    1,267       1,509       1,895       -            4,671

 Research &           1,902       921         641         -            3,464
 development

 General &            688         455         1,438       668          3,249
 administrative

 Restructuring        -           -           -           -            -

 Intangibles          1           134         28          -            163
 amortization

Operating expenses    3,858       3,019       4,002       668          11,547
(1)

Operating income      151         4,307       1,141       (668 )       4,931
(loss)

Other income          -           -           -           (28  )       (28    )

Interest (expense)    -           -           -           (2   )       (2     )

Income taxes          -           -           -           (138 )       (138   )

Net income (loss)   $ 151       $ 4,307     $ 1,141     $ (836 )     $ 4,763

                    Three months ended September 30, 2009

                    CNS         OSP         CP          Unallocated  Total

Revenue             $ 24,002    $ 13,049    $ 10,302      -          $ 47,353

Gross profit          4,189       5,481       4,902       -            14,572

Gross margin          17.5   %    42.0   %    47.6   %                 30.8   %

Operating expenses:

 Sales & marketing    1,357       1,255       1,846       -            4,458

 Research &           2,238       598         554         -            3,390
 development

 General &            842         533         1,453       752          3,580
 administrative

 Restructuring        -           -           -           -            -

 Intangibles          -           132         28          -            160
 amortization

Operating expenses    4,437       2,518       3,881       752          11,588
(2)

Operating income      (248   )    2,963       1,021       (752 )       2,984
(loss)

Other income          -           -           -           (20  )       (20    )

Interest (expense)    -           -           -           (2   )       (2     )

Income taxes          -           -           -           (75  )       (75    )

Net income (loss)   $ (248   )  $ 2,963     $ 1,021     $ (849 )     $ 2,887

(1) Includes $0.1 million, $0.2 million and $0.4 million of depreciation and
amortization expense in the CNS, OSP and CP segments, respectively.

(2) Includes $0.3 million, $0.3 million and $0.4 million of depreciation and
amortization expense in the CNS, OSP and CP segments, respectively.




糖心vlog下载.

Segment Statement of Operations

(Amounts in thousands)

 (Unaudited)

                    Six months ended September 30, 2010

                    CNS         OSP         CP          Unallocated  Total

Revenue             $ 39,620    $ 31,841    $ 20,865    $ -          $ 92,326

Gross profit          7,599       14,237      10,257      -            32,093

Gross margin          19.2   %    44.7   %    49.2   %                 34.8    %

Operating expenses:

 Sales & marketing    2,579       2,950       3,630       -            9,159

 Research &           3,876       1,902       1,224       -            7,002
 development

 General &            1,428       1,093       2,797       1,280        6,598
 administrative

 Restructuring        -           -           -           -            -

 Intangibles          2           268         56          -            326
 amortization

Operating expenses    7,885       6,213       7,707       1,280        23,085
(1)

Operating income      (286   )    8,024       2,550       (1,280 )     9,008
(loss)

Other income          -           -           -           25           25

Interest (expense)    -           -           -           (3     )     (3      )

Income taxes          -           -           -           335          335

Net income (loss)   $ (286   )  $ 8,024     $ 2,550     $ (923   )   $ 9,365

                    Six months ended September 30, 2009

                    CNS         OSP         CP          Unallocated  Total

Revenue             $ 52,626    $ 26,825    $ 21,415      -          $ 100,866

Gross profit          7,953       11,475      10,351      -            29,779

Gross margin          15.1   %    42.8   %    48.3   %                 29.5    %

Operating expenses:

 Sales & marketing    2,909       2,531       3,956       -            9,396

 Research &           4,766       1,188       1,123       -            7,077
 development

 General &            1,661       1,068       3,110       1,513        7,352
 administrative

 Restructuring        414         46          149         -            609

 Intangibles          -           261         56          -            317
 amortization

Operating expenses    9,750       5,094       8,394       1,513        24,751
(2)

Operating income      (1,797 )    6,381       1,957       (1,513 )     5,028
(loss)

Other income          -           -           -           71           71

Interest (expense)    -           -           -           (4     )     (4      )

Income taxes          -           -           -           (230   )     (230    )

Net income (loss)   $ (1,797 )  $ 6,381     $ 1,957     $ (1,676 )   $ 4,865

(1) Includes $0.3 million , $0.4 million and $0.7 million of depreciation and
amortization expense in the CNS, OSP and CP segments, respectively.

(2) Includes $0.7 million, $0.5 million and $0.7 million of depreciation and
amortization expense in the CNS, OSP and CP segments, respectively.




    Source: 糖心vlog下载.