Sangoma Posts 24% Quarter Over Quarter Growth
Wanna Make Money in VoIP? Buy Sangoma
Sangoma Technologies Corporation (TSXV: STC) a leading provider of connectivity hardware and software products for voice, WANs and Internet infrastructure, today released highlights of its unaudited results for the financial quarter ended March 31, 2007.
Both sales and net earnings represent new all time records for the company.
Q3 2006-2007 Financials
- Sales - $2.24 million (68% Increase)
- Net income before provision for income taxes - $0.89 million (69% Increase)
- Net earnings - $0.58 million (56% Increase)
- Net earnings per share - $0.021 (54% Increase)
The company finished the quarter ended March 31, 2007 with working capital of $4.72 million, compared to $2.83 million at June 30, 2006, an increase of 67%.
“Sangoma’s revenue grew 24% in Q3 relative to our previous record Q2 numbers as our new products gain traction in the marketplace,” says Sangoma Technologies President and CEO, David Mandelstam. “It is gratifying to see that we are increasingly meeting customer needs, resulting in our long-standing growth trend where we are growing faster than the market itself.”
