Radcom Delivers Strong Q1 2011 With Highest Revenues in 4 Years
finance.yahoo.com
6th Straight Quarter of Net Income
Commenting on the results, Mr. David Ripstein, RADCOM's President and CEO, said, "The first quarter was a good start to what we believe will be another strong year for RADCOM. Despite the highly competitive nature of our business, we are pleased to have been able to deliver our highest revenues in four years, strong gross margins and our sixth straight quarter of positive net income. Our success reflects the continued rise in demand for service assurance solutions, a significant trend that is being driven by the phenomenal growth of the smart-phone market. This has created unprecedented quality challenges for service providers in most regions of the world, incentivizing them to invest in solutions like ours.
"We continue to benefit from the success of our focus on customer satisfaction, as demonstrated by our excellent performance in collections and our strong repeat sales. In fact, all indicators confirm that we are moving in a positive direction and operating according to a sound work plan. With growing markets in need of our solutions, an expanding top-tier reference base and proven technology, we are well positioned to continue generating growth throughout 2011 and beyond." |
