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Active Voice Corporation Announces Record Revenues for the Quarter Ended December 31, 1999 and 2-for-1 Stock Split
SEATTLE, Jan. 27 /PRNewswire/ -- Active Voice Corporation (Nasdaq: ACVC - news), a global provider of unified messaging and computer telephony software solutions, today announced record revenues for its third fiscal quarter ended December 31, 1999. Additionally, the Company's Board of Directors has approved a two-for-one stock split of its common stock subject to shareholder approval.
Revenues for the quarter were a record $22.2 million, as compared to $16.6 million for the same quarter in 1998, an increase of 33%. Excluding non-recurring charges described below, net income for the quarter was $490,000 or $0.09 per share on a fully diluted basis, as compared to a net loss of $1.5 million or $0.32 loss per share for the quarter ended December 31, 1998.
``We saw strong year-over-year revenue growth in our products across all channels, especially in our North American dealer channel. Sales generated from our flagship unified messaging product, Unity, more than doubled from the September quarter,' said Jose S. David, Active Voice's chief financial officer. ``Gross margins and expenses were in line with management's expectations,' added David. |
