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Article: Sycamore Networks, Inc. Reports First Quarter Fiscal Year 2000 Financial Results.
- Article from:
- Business Wire
- Article date:
- November 18, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHELMSFORD, Mass.--(BUSINESS WIRE)--Nov. 18, 1999--
Sycamore Networks, Inc. (NASDAQ:SCMR), a leading provider of intelligent optical networking products, today reported its first quarter results for the period ended October 30, 1999.
Revenues for the first quarter of fiscal year 2000 were $19.5 million compared with $11.3 million for the fourth quarter of 1999, an increase of 72 percent. Net loss for the first quarter of fiscal year 2000 was $5.7 million or $(0.11) per share, compared with a net loss of $1.2 million or $(0.05) per share in the first quarter of 1999. The pro forma net loss excluding amortization of deferred stock compensation for the ...