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It's not as negative as it seems...

Revenue in the three months ended in March fell 31%, year over year, to $1.09 billion, yielding a net loss of 13 cents per share. However analysts had been expecting $1.05 billion and a 17-cent loss.

Also Gross margin in the quarter was 41%, on a non-GAAP basis, up from 39% in Q4 but down from 46% a year earlier.