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Revenue increased 10% year-over-year to $1.04 billion, beating the consensus estimate of $987.07 million. Communications revenue was $913.1M, up 10% year-over-year, while Data & Applications revenue came in at $124.6M, representing a 12% year-over-year increase.
“We enter the second half of the year confident about our ability to generate meaningful levels of non-GAAP income from operations, and committed to our focus of driving efficient growth across our business,” said CEO Jeff Lawson.
For Q3/23, the company expects EPS in the range of $0.33-$0.37, compared to the consensus of $0.30, and revenue in the range of $0.98-$0.99B, compared to the consensus estimate of $1.02B.
The company raised its full-year guidance for non-GAAP Income from Operations to $350 to $400M.
