PITTSBURGH, Aug. 3, 2010 (GLOBE NEWSWIRE) -- Tollgrade Communications, Inc. (Nasdaq:TLGD), a leading supplier of network service assurance test products and solutions, today reported revenue of $11.5 million and net income of $1.2 million or $0.10 per share for the second quarter ended June 30, 2010. Revenue and net income increased by approximately $0.9 million and $2.7 million compared to the second quarter of 2009 representing increases of 8% and 181%, respectively. The results for the second quarter of 2010 also include the effects of net severance charges of approximately $0.6 million which were primarily associated with the departure of the Company's former chief executive officer.
Tollgrade Reports Second Quarter 2010 Results
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