Cabletron results a bright spot in the networking gloom
Increased revenues buck the trend
Bucking the trend of poor financial results from networking equipment suppliers, Cabletron Systems posted increased revenues for its last quarter when it reported its full year results.
Cabletron, a holding company for telecommunications outfits targeting the enterprise, service provider and network management markets, reported combined revenues for its fourth quarter of $291 million, up from $265 million in its previous quarter. This compares to $203.4 million in the same period a year ago.
The figures mean that Cabletron's subsidiaries recorded a net income of $10.7 million, up from $6.9 million for its last quarter.
For the full year, Cabletron's net revenues were $1,015.8 million.
In recent weeks, industry heavyweights Cisco, Nortel and Lucent have slashes sales estimates and shed jobs. However Cabletron's figures suggest that it is coping better with the slowdown in the US economy and weak demand from service providers that is affecting others in the industry.
Cabletron's subsidiaries include Aprisma Management Technologies, which sells Spectrum network management software; Enterprise networking firm Enterasys Networks and Riverstone Networks, which markets Metropolitan Area Networking kit to service providers. ®