Allot Communications Reports Increased Revenues and Net Profit for Fourth Quarter of 2010
finance.yahoo.com
BOSTON, February 8, 2011 /PRNewswire-FirstCall/ --
Key Highlights:
- Fourth Quarter Revenues Reached $16.2 Million, a 41% Increase Over the Fourth Quarter of 2009
- Fourth Quarter non-GAAP Net Income of $1.8 Million; non-GAAP EPS Grows to $0.07 From $0.05 in the Third Quarter of 2010
- Cash, Cash Equivalents and Marketable Securities Totaled $59.4 Million; Generated Approximately $1.8 Million in Cash From Operations During the Quarter
- Revenues for 2010 Increase by 36% to $57 Million; non-GAAP EPS Reaches $0.17
"2010 was a significant year for Allot, during which we combined solid revenue growth with steadily increasing profitability," commented Rami Hadar, Allot Communications' President and Chief Executive Officer. "During the year we firmly established our Company as the leader in the fast-growing mobile data market, which now constitutes approximately 40% of our total sales. Along with continued success in the fixed-line market, the large, successful Tier-1 deployments we have undertaken are a testimony to the robustness of our solutions to meet the rapidly increasing demand for bandwidth-intensive data applications."
Recently, the Company achieved the following significant goals:
- Received an initial order from a Tier 1 operator in EMEA with over 15
million subscribers, which operates both fixed and wireless networks;
- Received an expansion order from a Tier 1 cable operator in EMEA;
- During the quarter, received orders from 13 large service providers, of
which 2 represented new customers and 11 represented expansion deals;
- Introduced the new Service Gateway Sigma E, with 160Gb throughput per
system;
- The Company's shares are now listed on the NASDAQ Global Select Market;
and
- The Company listed its shares on the Tel Aviv Stock Exchange, where it
is now included on the Tel-Tech 15 index and the Mid-Cap 50 indices. |
