ADTRAN Inc (NASDAQ:ADTN) reported Q1 EPS of $0.52, beating the consensus estimate for $0.46 per share. Revenue for the quarter increased 30% year-over-year to $165.52 million, above the consensus estimate for $162.78 million.The company also declared a cash dividend of $0.09 per common share to be paid to holders of record at the close of business on April 28, 2011. The ex-dividend date is April 26, 2011 and the payment date is May 12, 2011.ADTRAN Chief Executive Officer Tom Stanton stated, "For the quarter our combined growth areas grew 51% over the previous year, allowing the company to achieve its fourth consecutive quarterly revenue record. Moreover, each of the individual segments within this category achieved new records. Broadband Access saw revenue growth of 42% over first quarter 2010, led by the continued success of our Total Access 5000 platform. Our Internetworking category grew 48%, fueled by channel expansion and growing acceptance of new applications. Optical Access grew an impressive 86%, driven by the increasing demand for mobile data. We are pleased with the long term prospects of the markets we serve and our company’s position to deliver positive results."