RADCOM Zooms Into 2011: Record Bookings, $5.4M Revenues & $0.08 non-GAAP EPS for Q4
finance.yahoo.com
'Planets Aligning' for RADCOM: Booming Markets, Growing Sales Pipeline & Successful Penetration into Target Regions Point to Continued Growth in 2011
Mr. David Ripstein, RADCOM's President and CEO, said, "2010 was a great year for RADCOM, and we believe we are positioned for an even better 2011. The trends that have been driving our growth - particularly the increased usage of mobile smart phones, tablets and net books and their effect on the performance of telecom networks and the end-user experience - continue to strengthen. As network operators around the world struggle to service their bandwidth-hungry customers, they are increasing their budgets for Service Assurance solutions, leading to increasing sales of our products. We expect to see this trend continuing over the next several years, and believe that it, together with the increasing implementation of 4G/LTE technologies, will drive continued strong growth of our sales.
"During 2010, our efforts to capitalize on these favorable trends resulted in a 61% increase in our sales, demonstrating the industry's growing recognition of our clear technology leadership. In addition, as most of our customers felt increasingly stabilized in their recovery from the recent financial crisis, we saw a significant increase in our sales pipeline and in the number of tenders and this trend is continuing. To take full advantage, we have invested - and will continue to invest - in our sales capabilities in Latin America and in Asia/Pacific, including in India and Singapore, and have begun enhancing our sales force in North America. In parallel, we have expanded our research and development teams, and continue evaluating adjacent market opportunities.
"Taken as a whole, with booming markets, a clear technology advantage, and the highest quarterly bookings in our history, we are confident and excited about our future." |
