Westell Technologies Fiscal 2011 First Quarter Highlights

• Fiscal first quarter net income was $4.6 million, compared with $2.0 million in the prior-year quarter – a 133% improvement.
• Earnings per share jumped to $0.07 per share for the quarter, compared with $0.03 per share in the same quarter of the prior year.
• Fiscal first quarter revenue was $41.3 million, compared with $53.5 million in the same quarter of the prior year and $37.8 million in the quarter ended March 31, 2010.
• Gross margin improved to 37.8% in the quarter, compared with 28.4% in the same quarter of the prior year.
• Cash and cash equivalents increased by $0.5 million during the quarter, to $61.8 million.

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