NAPERVILLE, Illinois, April 22 /PRNewswire/ --
- Company is freeing up resources to innovate for customers
Tellabs' first-quarter 2008 revenue totaled US$464 million, up 3% from US$452 million in the first quarter of 2007.
Tellabs earned US$17 million or 4 cents per share on a GAAP (U.S. generally accepted accounting principles) basis, compared with US$25 million or 6 cents per share in the year-ago quarter.
On a non-GAAP basis, Tellabs earned US$32 million or 8 cents per share, compared with US$34 million or 8 cents per share in the year-ago quarter. Non-GAAP results exclude a pretax charge of US$22.6 million, which includes US$8.0 million or 1.3 cents per share in equity-based compensation expense.