Calix sees Q4 earnings boost, but year-over-year revenue stays flat

Calix (NYSE: CALX) made a bit of a comeback in Q4 2011 as revenue rose 9.5 percent sequentially over the $83.7 million it reported in Q3 to $91.6 million.

However, on a year-over-year basis, revenue remained flat when compared to $91.7 million in Q4 2010.

The company reported that non-GAAP net revenue for Q4 2011 was $3.7 million, or $0.08 per fully diluted share, an increase of 5.4 percent compared to non-GAAP net income of $3.6 million, or $0.07 per fully diluted share for the third quarter of 2011, and a decrease of 65 percent compared to non-GAAP net income of $10.7 million, or $0.26 per fully diluted share, in the fourth quarter of 2010.

After seeing a setback in Q3, Calix reported in Q4 2011 was that it secured contracts with 12 service providers that have won broadband stimulus grants.

In addition to securing the broadband stimulus wins, the vendor signed deals with Hawaiian Telcom and Waitsfield and Champlain Valley Telecom (WCVT) and introduced new products like the 725GE optical network terminal (ONT).

For more:
- see the release

Special report: Wireline in the fourth quarter 2011

Related articles:
Calix racks up 12 new broadband stimulus project wins
Calix's Q3 2011 outlook suffers due to broadband stimulus project delays
Michael Ashby returns to Calix's CFO chair
Calix takes Q3 hit from broadband stimulus spending delays

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