NAPERVILLE, Ill.-Tellabs Inc.’s second quarter net profits rose 30 percent year over year, from $41 million to $54 million.
Revenues jumped 19 percent year over year, from $463 million to $549 million.
The company said its broadband business contributed revenues of $298 million, a 20 percent increase from the year-ago revenue of $248 million.
Krish Prabhu, president and chief executive officer of Tellabs, said the company “is well-positioned with service providers in faster-growing markets such as fiber access and next-generation transport.”
The company is also well-positioned for a merger or acquisition as the telecom industry continues consolidating equipment vendors. Tellabs’ Chicago neighbor, Motorola Inc., has been mentioned within in the industry as a likely candidate to purchase Tellabs since the combination would boost Motorola’s position in the fiber-to-the-home sector with landline phone companies like Verizon Communications Inc. and BellSouth Corp.
