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Voltaire Revenues Up
Voltaire expands profit margins and net income on higher revenues in 4Q07
February 12, 2008
1 Min Read
BILLERICA, Mass. and HERZELIYA, Israel -- Voltaire Ltd. (NASDAQ:VOLT), a leading provider of grid backbone solutions, today announced financial results for the three and twelve month periods ended December 31, 2007.
Fourth Quarter Highlights (compared to fourth quarter 2006)
Achieved non-GAAP net income of $1.4 million; GAAP net income of $1.2 million
Gross margin increased to 48.4%, up from 38.6%
Revenues grew by 26% to $17.4 million
Strong operating cash flow as a result of efficient inventory management and customer collection
Steady increase in orders generated from main commercial vertical markets during fourth quarter
Voltaire Inc.
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