Tekelec Boosts 1st-Quarter Earnings to $1.47 Million
Tekelec, a Calabasas maker of switches and testing equipment for phone systems, said its earnings for the first quarter that ended March 31 increased to $1.47 million, compared to a $126,000 profit in the first quarter last year. Revenues rose 43% to $18.63 million from $12.99 million in the previous year’s first quarter.
The company attributed the increase to strong sales of both testing and switching products.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.