LISLE, Ill.-Tellabs Inc. reported record sales and earnings for both the fourth quarter 1998 and
the year ended January 1.
Net income for the fourth quarter 1998 was $123.3 million, up 59 percent from the $77.5
million reported a year ago. Net income for 1998 was $398.3 million, compared to $263.7 million in 1997. Excluding
the effects of the various gains, write-offs and charges, net income for 1998 was 49.8 percent higher than the level
recorded in 1997, said Tellabs.
Diluted earnings per share of common stock for the fourth quarter were 62 cents,
compared with 42 cents at the same time last year. For the year, earnings per share were $2.07 compared with $1.42
last year.
“Strong revenue growth in 1998 was driven largely, but not exclusively, by our flagship
products,” said Tellabs’ President and Chief Executive Officer Michael J. Birck. These products include the Titan
5500 digital cross-connect system and the MartisDXX.
