AltiGen Communications, a San Jose, Calif.-based Microsoft-based business VoIP services provider, announced 14 percent sequential revenue growth for its fiscal third quarter ended June 30. AltiGen's fiscal third-quarter revenue increased to $4.1 million from $3.6 million the previous quarter, but that take was off 14 percent year-over-year from the $4.8 million in revenue the company had in its fiscal third quarter in 2008.
Though AltiGen's revenues were down year-over-year, it still managed to trim its net loss for the fiscal third quarter to $945,000, down from $1 million in its fiscal third quarter in 2008 and down from the $1.8 million the company lost the previous quarter. The loss brought AltiGen's cash and cash equivalents down to $7.6 million; if AltiGen continues to lose money at this pace, it will exhaust its cash reserves in late 2011.
"We continue to strategically move upstream in the market and focus on larger systems sales, and are seeing increasing opportunities with larger, more strategic customers and resellers for our new enterprise level products that are completely integrated with Microsoft's Unified Communications solution," AltiGen CEO Gilbert Hu said in a statement.
For more:
- see the company's press release here [1]
Related article
AltiGen powers a US-centric UC solution for government [2]
Links:
[1] http://www.earthtimes.org/articles/show/altigen-communications-reports-third-quarter-fiscal-2009-results,901344.shtml
[2] http://www.fiercevoip.com/story/teo-promotes-us-centric-uc-solution-government/2009-07-13