SANGOMA TECHNOLOGIES 2ND QUARTER RESULTS SHOW ANNUAL GROWTH OF 95% IN REVENUES AND 194% IN NET INCOME
Sangoma Technologies Corporation, a leading provider of connectivity hardware and software products for voice, WANs and Internet infrastructure, today released highlights of its unaudited results for the financial quarter ended December 31, 2006. 2nd Quarter sales climb to $1,801,587 resulting in a net income of $504,575. Both sales and net earnings represent new all time records for the company.
According to Sangoma President and CEO David Mandelstam, â€œThe record-setting first quarter was surpassed in the second quarter as Sangoma continued to explore new markets and opportunities. In addition, the second quarter saw a series of new initiatives put into place from which we expect to see a continuing growth trend.â€
This is further proof (as if we needed it) that the open source telephony marketplace is blazing hot.