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Sycamore posts a $3.6m quarterly loss

Gururaj Deshpande is the chairman of Chelmsford-based Sycamore Networks. Gururaj Deshpande is the chairman of Chelmsford-based Sycamore Networks. (Jeffrey Sauger/Bloomberg News/File 2010)
September 8, 2011

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Sycamore Networks Inc., a maker of communications equipment, reported a $3.6 million loss that amounted to 13 cents per share for the quarter ended July 31. A year earlier, the company had profit of $521,000, or 2 cents per share. Excluding a stock-based compensation expense, Sycamore lost 9 cents per share in the latest quarter. Revenue slid 41 percent to $13 million. For the full year, Sycamore lost $17.8 million, or 62 cents per share. That compares with a loss of $14.8 million, or 52 cents, for the previous year. Annual revenue fell 29 percent to $48.7 million.