Sonus Networks, Inc. (Nasdaq:SONS), a market leader in next-generation IP-based network solutions, announced results for the quarter ended September 30, 2011 and provided its outlook for the quarter and year ending December 31, 2011.

Revenue for the third quarter of fiscal 2011 was $66.4 million, compared to $51.8 million in the second quarter of fiscal 2011 and $42.7 million in the third quarter of fiscal 2010. GAAP net income for the third quarter of fiscal 2011 was $1.9 million, or $0.01 per diluted share, compared to a net loss of $5.9 million, or $0.02 per share, in the second quarter of 2011 and a net loss of $22.3 million, or $0.08 per share, in the third quarter of 2010. Non-GAAP net income for the third quarter of fiscal 2011 was $4.1 million, or $0.01 per diluted share, compared to a net loss of $3.6 million, or $0.01 per share, for the second quarter of fiscal 2011 and a net loss of $14.3 million, or $0.05 per share, for the third quarter of fiscal 2010.

“Sonus is leveraging its rich history as a market-leading IP networking company into faster-growth areas, including the session border controller market,” said Ray Dolan, President and Chief Executive Officer. “Solid SBC momentum this quarter with our revenue and new customers are good indicators of the progress we are making. We look forward to reporting on our success in the coming quarters as we continue to reposition our business for higher growth opportunities.”

“While the fundamentals and prospects for our business are improving, this revised fourth-quarter financial outlook reflects a more cautious capital spending environment by our customers,” said Moe Castonguay, Chief Financial Officer.

Sonus Networks, Inc. is a leader in IP networking with proven expertise in delivering secure, reliable and scalable next generation infrastructure and subscriber solutions. With customers in over 50 countries across the globe and over a decade of experience in transforming networks to IP, Sonus has enabled service providers and enterprises to capture and retain users and generate significant ROI. Sonus products include media and signaling gateways, policy & routing servers, session border controllers and subscriber feature servers. Sonus products are supported by a global services team with experience in design, deployment and maintenance of some of the world's largest and most complex IP networks.

More about SONS at www.sonusnet.com

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