Sales, earnings rise at Tekelec.Tekelec Tekelec, Inc. (NASDAQ:TKLC), (founded 1979 in California, now headquartered in Morrisville, North Carolina, USA) is an industry leader building smart carrier networks through an innovative combination of signaling, switching, and applications. saw dramatic increases in revenues and earnings for the first quarter ended Mar. 31 resulting in part from its global expansion efforts. The Calabasas-based company said its net income rose to $5.8 million or $0.09 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, on revenues of $78.9 million in the first quarter of 2004, compared with net income of $1.5 million or $0.02 per share in the first quarter of 2003. First quarter 2004 revenues rose 43 percent from $55 million in the first quarter of 2003. "For the first time since 1993 revenues increased sequentially se·quen·tial adj. 1. Forming or characterized by a sequence, as of units or musical notes. 2. Sequent. se·quen in the first quarter, unlike the 10 percent to 20 percent seasonal decline typically experienced in first quarter revenues," said Tekelec President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Fred (Friendly Rollabout Engineered for Doctors) A mobile medical conferencing unit. See videoconferencing. 1. FRED - Robert Carr. Language used by Framework, Ashton-Tate. 2. Lax in releasing the report. Tekelec said 23 percent of its sales in the most recent period came from outside the U.S. The company projected revenues of $86 million to $88 million and earnings in the $0.01 to $0.02 range for the second quarter of 2004. |
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