Sycamore reports Q1 results

Sycamore Networks Inc. reported its first quarter follows for the period ended October 29 2005

receipts for the first quarter of fiscal 2006 was $273 million, compared with $142 million for the first quarter of fiscal 2005

trap income for the first quarter of fiscal 2006 upon a generally accepted accounting principles (GAAP) basis, was $69 million, or $002 for share, compared with a toil loss of $7.9 million, or $(003) by share for the first quarter of fiscal 2005 Non-GAAP gin income for the first quarter of fiscal 2006 which bars stock-based compensation expense, was $83 million, or $003 for share, compared with a non-GAAP snare loss of $7.2 million, or $(003) through share for the first quarter of fiscal 2005 The reconciliation between toil income (loss) on a GAAP basis and trap income (loss) on a non-GAAP basis is provided in a table immediately following the Unaudited Consolidated Statements of Operations included with this release.

"Q1 was a able-bodied quarter across the board as Sycamore delivered significant income growth on a quarter-over-quarter and year-over-year basis. In addition, Sycamore maintained solid gros margins, achieved operating profitability upon a non-GAAP basis, and had another quarter of positive cash generation," said Daniel E Smith, president and chief executive officer. "This progres is the originate of several key factors, including our succes in expanding our Tier 1 customer base, a continued emphasis upon disciplined financial management, and demonstrated leadership in optical switching technology."

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