NASDAQ: SCMRFounder: Gururaj Deshpande Founded: 1998
Sycamore Networks, Inc. is the developer and marketer of optical networking products for wireline and wireless network service providers, and government entities with private fiber networks. Its networking product portfolio includes optical switching products, network management products. The company’s optical switching products include SN 16000 SC, SN 16000, and SN 3000, which are designed to enable service providers to provide and manage network bandwidth in the metropolitan, regional, and core segments of the optical network. In addition, the company offers related services, such as installation, maintenance, technical assistance, and customer training.
Based in Chelmsford, MA, revenue for the first nine months of fiscal 2006 was $71.1 million, compared with $46.9 million for the first nine months of fiscal 2005. Net income for the first nine months of fiscal 2006 was $22.4 million compared with a net loss of $25.2 million for the first nine months of fiscal 2005.
Daniel E. Smith, Sycamore’s president and chief executive officer said, “During the quarter we grew our revenue sequentially and year-over-year, improved our margin performance, and reduced operating expenses. As a result, we reported operating profitability and another quarter of positive cash generation. We continue to execute on our business strategy and our continued progress, we believe, underscores the unique value our intelligent networking solutions deliver to our customers.”