Ceragon revenues down 7% to USD 79 mln in Q3

Ceragon Networks saw its revenues decrease 7 percent year-on-year to USD 79.1 million in Q3. Gross margin rose to 32.9 percent from 31.9 percent in the third quarter of 2015. Operating income dropped to USD 5.8 million from USD 6.2 million in the third quarter of 2015. Net income grew to USD 3.5 million or USD 0.04 per diluted share from USD 1.4 million or USD 0.02 per diluted share a year earlier. Cash and cash equivalents decreased to USD 32.4 million at 30 September from USD 34.4 million at 30 June. In the geographical revenue classification, India leads with 31 percent, ahead of Latin America with 30 percent, Europe with 13 percent, North America with 10 percent, APAC with 8 percent and Africa with 8 percent. Telecompaper reported

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