Ulticom (NASDAQ:ULCM), a provider of service enabling software for wireline, wireless and Internet communications, today revised its outlook for the current quarter.
The company anticipates sales for its third quarter of fiscal 2001 will be in the range of $13 million to $14 million.
It expects third-quarter diluted earnings per share of 3 to 4 cents. The company expects to see reductions in deferred revenue and operating margins.
Ulticom maintained momentum in the first half despite slowing telco spending, said president and chief executive Shawn Osborne.
But, "The continued deterioration in the market for telecom equipment, combined with increased global economic weakness and uncertainty, has prompted us to change our outlook," he said.
Osborne added that Ulticom remains profitable and has a solid balance sheet, including about $215 million in cash, cash equivalents and short-term investments, and has no debt.