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TranSwitch Reports Q1 Results
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Business New Haven
5/1/2000
By: Kristine Hansen
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SHELTON - TranSwitch Corp. (NASDAQ: TXCC) reported revenues for the first quarter ended March 31 of $26,747,000, compared to $14,461,000 for the first quarter of 1999. Net income was $6,375,000 (15 cents per diluted share), compared to $3,124,000 (eight cents per diluted share) for the 1999 first quarter. The company reported that it had experienced growth in revenues for 14 quarters and growth in profitability in the most recent 11 quarters.
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