Sangoma Announces Record Net Income in Second Quarter

home sitemap login →   

subscribe to press releases


Quick Search
protocol max price
call to
advanced search →

Voip News

WhatsApp Begins Voice Calling Feature
WhatsApp is a popular messaging service that many people use in lieu of SMS messaging. Recently, WhatsApp began gradually rolling out a new VoIP feature that will allow users in India to engage in voice…

Voxox Will Now Supply Cloud Phone Hosted VoIP
Every business owner is looking for ways to save money, time, and to increase the productivity of their business. Voxox, an internet phone service provider, is now offering a solution to this concern.…

Voip Press releases

4PSA Receives 2014 INTERNET TELEPHONY Product of the Year Award
Orlando, Florida - February 4, 2014 - 4PSA - a technology leader in cloud communications software, announced today that TMC, a global, integrated media company, has named VoipNow Cloud OnDemand as a recipient…

Popular Providers
by creation press releases

- Voicebuy Wholesale VoIP Provider
- Polycom Inc
- Huawei Technologies
- Super Technologies Inc.
- 4PSA

Sangoma Announces Record Net Income in Second Quarter Sangoma Announces Record Net Income in Second QuarterSangoma Announces Record Net Income in Second Quarter

26 February 2009

Sales of $2.60 million results in net earnings of $1.11 million

MARKHAM, ONTARIO--(Marketwire - Feb. 26, 2009) - Sangoma Technologies Corporation (TSX VENTURE:STC), the premium provider of PC-based telephony hardware and software products for proprietary and open source based networking and telephony solutions, today released highlights of its unaudited financial results for the quarter ended December 31, 2008.

Sales were $2.60 million for the quarter ended December 31, 2008 as compared to $3.07 million for the quarter ended December 31, 2007, a decrease of 16%, but almost identical to sales during the previous quarter ended September 30, 2008. Net income after provision for taxes was a record $1.11 million for the quarter ended December 31, 2008, 47% higher than net income for the corresponding quarter in 2007. Earnings during the quarter ended December 31, 2008 benefited from the effects of a reduced Canadian/US Dollar exchange rate during the quarter.

The decline in sales relative to sales in the quarter ended December 31, 2007 occurred mostly in non-North American markets.

The Corporation completed the financial quarter ended December 31, 2008 with working capital of $7.30 million, as compared to $8.96 million on June 30, 2008, a decrease of 19%. The decrease was due to the purchase of Paraxip Technologies Inc. of Montreal in July 2008. Cash flow was positive $1.42 million during the quarter ended December 31, 2008.

Sangoma Technologies

Statistic ( + )

All Releases from Sangoma Technologies →
All press releases of VoIP Hardware →

 


Business VoIP Providers
  • RingCentral VoIP

  • OnSIP

  • Ooma



Residential VoIP Providers
  • VoIPo

  • Axvoice



Send SMS for Free →