Acme Packet talks Q4 results, optimistic for 2009
Acme Packet reported a slight uptick in results for the fourth quarter and broke ranks with others in the world by offering earnings guidance for the rest of the year.
Acme saw an 8 percent increase in revenues from the third quarter, for a total of $30.6 million. Year-over-year performance dropped ($31.4 million in Q408) with income falling from $5.2 million last year to $3.7 million. For the year, total revenue increased 3 percent, from $113.1 million in 2007 to $116.4 million in 2008.
Putting its neck out a little bit, Acme expects revenues for 2009 to be between $120 million and $125 million. The company expects wireless in both LTE and WiMAX networks and enterprise SIP trunking to drive revenue growth. Mobile looks especially good for Acme this year.
Counting up service provider stats, Acme is now being bought by 89 of the 100 largest global carriers and is involved with more than 100 IMS deployments. Sprint, Acme's largest customer, purchased more gear in the fourth quarter than in any prior quarter - $4.9 million. It's an interesting number both for Acme and Sprint.
Growth in 2009 is cautiously forecast at 5 percent, as service providers continue to move to an all-IP world to provide voice services.
- Telephony reports on Acme Packet's optimism. Article.