This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Westell Technologies Reports Fiscal 2010 Second Quarter Profit 2009-10-21 17:36 ET - News Release Westell Technologies Fiscal 2010 Second Quarter Highlights -
Fiscal second quarter consolidated revenue of $47.4 million.
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Fiscal second quarter net income of $2.9 million, or $0.04 per diluted
share – Westell’s second consecutive profitable quarter.
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Cash and cash equivalents increased by $4.7 million in the quarter to
$53.9 million.
-
Retrospective adoption of new accounting standards permits the
recognition of previously deferred revenue for UltraLine Series3
gateways.
AURORA, Ill. -- (Business Wire)
Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of
broadband products, outside plant telecommunications equipment and
conferencing services, today announced results for its fiscal second
quarter ended September 30, 2009. Total revenue for the fiscal second
quarter was $47.4 million, up 9.8% from $43.1 million in the same
quarter last year. Net income during the quarter was $2.9 million, or
$0.04 per diluted share, compared to a net loss of $5.1 million, or a
loss of $0.07 per diluted share, in the same period last year. Total
cash and cash equivalents were $53.9 million at September 30, 2009, up
$4.7 million compared to the balance at June 30, 2009.
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