Q1 2021 Earnings

Technology Communication Equipment

Income Statement

Revenue

$757M-9.1% YoY

Gross Profit

$329M43.4% margin

Operating Income

$82M10.8% margin

Net Income

$55M7.3% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

-8.6%

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$28M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$1.6B

Stockholders' Equity

$2.6B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$757M	$833M	-9.1%
Gross Profit	$329M	$339M	-3.0%
Operating Income	$82M	$84M	-2.7%
Net Income	$55M	$62M	-11.2%

Revenue Segments

Converged Packet Optical

$512M68%

Maintenance Support And Training

$68M9%

Packet Networking

$64M8%

Platform Software and Services

$50M7%

Installation And Deployment

$40M5%

Blue Planet Automation Software and Services

$17M2%

Consulting And Network Design

$6M1%

Geographic Segments

Americas

$497M66%

EMEA

$155M21%

Asia Pacific

$105M14%