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Technology Stocks : Radcom Ltd. (RDCMF)

RDCM 13.80

+1.1%

Oct 31 3:32 PM EST

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From: JakeStraw	10/29/2014 8:36:03 AM
	of 65

CEM Solution Grows Revenues 26% To $6M With Record Net Income, $0.11 EPS (Non-GAAP) finance.yahoo.com - 4th Straight Profitable Quarter; Record Net Income & Net Margin; RADCOM Positioned For Further Growth in Q4 and 2015 - We are very pleased to report another strong quarter that is moving RADCOM to new levels of revenues, profits and margins," commented Mr. David Ripstein, RADCOM's President and CEO. "With revenues above $6 million and growing sales of software-based products, our gross margin continues to climb towards our long-term target of above 75%. This has enabled us to deliver our fourth straight profitable quarter and third straight quarter of positive cash flow, achieving an all-time record for our operating and net profit with a 14.5% net margin (non-GAAP). And we believe the best is still ahead." Mr. Ripstein continued, "These outstanding results derive from the market's exceedingly strong reception of MaveriQ, our unique software-based CEM solution, whose superior 'anti-churn' capabilities are being recognized by Tier I & Tier II 4G/LTE/Data service providers throughout the world. This capability has given us entry into more and larger tenders than ever before, and we are enjoying a strong win rate. We feel well positioned to grow in step with the LTE build-out, a trend we believe has the power to continue driving our results throughout 2015."

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