Sonus CEO says gross margin was 'particularly strong in Q3'
"I'm very pleased to report that Sonus delivered another solid quarter, including the satisfaction of major milestones for a large competitive displacement in North America. Sonus' gross margin was particularly strong in Q3 as we continue to evolve to software solutions based on many years of investment in network virtualization," said Raymond Dolan, Sonus president and CEO. Dolan continued, "As we approach the closing of our merger with GENBAND, which remains subject to shareholder approval, we remain committed to attaining the $40 to $50 million of annual cost savings anticipated when we announced our plans in May. Also, the feedback that we've received from customers has been extremely positive. Our combined product offerings will make us more strategic to many customers, and our scale will allow us to invest even more in key areas as both service providers and enterprises migrate to fully-virtualized, cloud architectures."