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Sonus Networks Reports 2012 Fourth Quarter And Full Year Results

Sonus Networks, Inc. (Nasdaq: SONS), a global leader in SIP-based communications, today announced results for the fourth quarter and full year ended December 31, 2012.

Results are reported on a consolidated basis and include the full fourth quarter financial effect of Network Equipment Technologies, Inc. (“NET”), an acquisition which closed on August 24, 2012. A table providing stand-alone Sonus and stand-alone NET results is provided in the “Supplementary Financial and Operational Data” located on the Investor Relations page of the Company’s website.

Fourth Quarter 2012 Highlights

  • Total revenue was $75.1 million.
  • Total SBC revenue, including product, maintenance and services, was $26.1 million.
  • SBC product-only revenue was $20.6 million.

Full Year 2012 Highlights

  • Total revenue was $254.1 million.
  • Total SBC revenue, including product, maintenance and services, was $87.6 million, representing a 69% increase over 2011.
  • SBC product-only revenue was $67.6 million, representing a 79% increase over 2011.

Revenue for the fourth quarter of 2012 was $75.1 million, compared to $57.0 million in the third quarter of 2012 and $74.3 million in the fourth quarter of 2011. The GAAP net loss for the fourth quarter of 2012 was $16.4 million, or $0.06 per share, compared to a GAAP net loss of $15.6 million, or $0.06 per share, in the third quarter of 2012 and GAAP net income of $3.7 million, or $0.01 per diluted share, in the fourth quarter of 2011. Non-GAAP net income for the fourth quarter of 2012 was $1.8 million, or $0.01 per diluted share, compared to a non-GAAP net loss of $6.3 million, or $0.02 per share, in the third quarter of 2012 and non-GAAP net income of $5.4 million, or $0.02 per diluted share, in the fourth quarter of 2011.

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