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Q2 revenue, net income up at Sangoma

Briefs | 03/19/2007 4:00 am EDT

Second-quarter results from Markham ON-based Sangoma Technologies Corp. show annual revenue growth of 95%. The company announced that sales increased to $1.8 million in the quarter from $0.92 million at the same time the previous year. The quarter’s net income also soared a staggering 194% to $0.5 million. "The record-setting first quarter was surpassed in the second quarter as Sangoma continued to explore new markets and opportunities," said president and CEO David Mandelstam. "In addition, the second quarter saw a series of new initiatives put into place from which we expect to see a continuing growth trend."

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