UPDATE 3-Starent posts higher net, raises 2009 profit view
* Q1 non-GAAP EPS $0.22 beats estimates by $0.06
* Q1 revenue beats estimates
* Maintains 2009 revenue outlook
* Shares up almost 13 pct after the bell (Adds outlook)
By S. John Tilak
BANGALORE, April 23 (Reuters) - Starent Networks (STAR.O: Quotazione), which helps mobile operators deliver multimedia services to subscribers, posted a 32 percent rise in quarterly profit and lifted its earnings outlook for the year, driving its shares up almost 13 percent.
Starent, which counts Sprint-Nextel (S.N: Quotazione) and Verizon Wireless among its biggest customers, said on a conference call that it expects a profit of 71 cents to 74 cents a share in 2009.
The company, whose infrastructure equipment is used by wireless carriers to offer video, multimedia messaging and voice-over-IP services, had previously projected earnings of 65 cents to 68 cents a share for the year.
Starent, however, stood by its revenue outlook of $315 million for the period. Continua...