Network Equipment Technologies Announces Financial Results for First Quarter of Fiscal 2012
FREMONT, CA — (Marketwire) — 07/27/11 — Telecommunications equipment maker Network Equipment Technologies, Inc. ("NET") (NASDAQ: NWK) reported results for its fiscal first quarter, ended June 24, 2011.Total revenue in the first quarter of fiscal 2012 was $11.3 million, down from $12.5 million in the fourth quarter of fiscal 2011 and $13.5 million in the first quarter of fiscal 2011. The decline in revenue was primarily due to reduced government orders, which was partially offset b