Radcom's Momentum Accelerating in Q2 2011: Revenues Reach $5.9m, Bookings Reach Highest-Ever Level For a Second Quarter
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Commenting on the results, Mr. David Ripstein, RADCOM's President and CEO, said, "The second quarter was an exciting period during which we achieved our best revenues in over four years, strengthened our margins and recorded our highest-ever bookings for a second quarter - all milestones which demonstrate our Company's accelerating momentum. In fact, the total of our orders for the past four quarters is up 61% compared to the four quarters before that, reflecting a significant increase in both the absolute numbers of orders and their average size, and providing us with good visibility for the coming quarters. Given that it usually takes 9-12 months before we can fully recognize an order's revenues, this surge should translate into a significantly higher level of revenues and profits for RADCOM towards early 2012."
Mr. Ripstein continued, "The acceleration in our momentum reflects 1) the sales-driving power of the rapidly-growing markets that we operate in - especially the mobile data industry; 2) the severity of the pain that operators face today as they struggle to maintain service quality in the face of exponential growth in network traffic; and 3) the superiority of our solutions and their proven ability to solve our customers' quality problems. In fact, service assurance solutions are increasingly viewed as 'must-have' assets with a crystal-clear return-on-investment. This, coupled with the industry's massive investments in their networks, is creating an extremely favorable sales atmosphere for RADCOM."
Mr. Ripstein concluded, "To take full advantage of the opportunity, we continue to invest in our sales force and R&D activities, both to support our existing backlog and to explore additional market opportunities. We are excited to have recently launched our groundbreaking new GEARX8 technology, a development which will extend our performance advantage. Taken as a whole, we are proud that the positioning we have established, including our differentiated, high-end products, our track record of customer satisfaction and our expanding sales reach into target regions, has generated such impressive momentum, and are confident that a step-change is in the making for our business." |
