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Technology Stocks : Allot Communications Ltd (ALLT)

ALLT 9.450

-1.7%

Nov 3 3:59 PM EST

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From: JakeStraw	5/3/2011 7:53:26 AM
	1 Recommendation of 89

Allot Communications Reports Continued Rise in Revenues and Net Profit for First Quarter of 2011 finance.yahoo.com - First quarter revenues reached $17.2 million, a 38% increase over the first quarter of 2010 - First quarter non-GAAP net income of $2.2 million; non-GAAP EPS grows to $0.08 from $0.07 in the fourth quarter of 2010 - Cash, cash equivalents, marketable securities and restricted cash totaled approximately $61.0 million; generated approximately $1.0 million in cash from operations during the quarter - Added five new Tier 1 wireless service providers during the first quarter "Allot continues to secure its leadership position in the fast-growing mobile sector, which continues to be a major driver of our continued top and bottom line growth," commented Rami Hadar, Allot Communications' President and Chief Executive Officer. "Our industry-leading Service Gateway platform now delivers up to 160 Gbps performance, and is designed to meet the continued growth of fixed and mobile data. In addition, customers are incorporating an increasing number of services, particularly in security and video, onto the Service Gateway in order to drive revenues over their networks as well as to optimize their networks' performance."

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