Sonus Networks (SONS) Reports In-Line Q4 EPS

Sonus Networks (NASDAQ: SONS) reported Q4 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $76.8 million versus the consensus estimate of $77.22 million.

Sonus Networks sees Q1 2015 EPS of $0.03, versus the consensus of $0.04. Sonus Networks sees Q1 2015 revenue of $74 million, versus the consensus of $73.6 million.

Sonus Networks sees FY2015 EPS of $0.54-$0.58, versus the consensus of $0.56. Sonus Networks sees FY2015 revenue of $326-360 million, versus the consensus of $327.42 million.

“I am very proud of our performance in 2014. We continued to attract some of the best talent in the industry, expanded our product portfolio into new growth areas and became embedded in a growing number of Tier one service provider networks around the world,” said Ray Dolan, president and chief executive officer. “We achieved a record high of 806 total customers in the fourth quarter of 2014, which is up almost 40% from the prior year. Our strong margin performance demonstrates that we have established a firm foundation to drive continued operating leverage. I look forward to 2015 as a breakout year for Sonus as we accelerate our financial performance and continue to strengthen our strategic industry leadership.”

Mark Greenquist, chief financial officer, commented, “We delivered record gross margins in the fourth quarter driven by an increase in sales of higher margin products and capacity expansions. This strong performance underscores the progress we are making to drive continued and consistent results. In fact, the fourth quarter of 2014 marks the twelfth consecutive quarter since the Company began giving quarterly guidance that it has met or surpassed non-GAAP EPS expectations. The fourth quarter also marks the seventh consecutive profitable quarter for the Company on a non-GAAP basis. We look forward to building on this momentum in 2015.”

For earnings history and earnings-related data on Sonus Networks (SONS) click here.

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