Acme Packet posts record earnings
I'm not sure how my friends at Acme Packet slipped and didn't send me a copy of the press release on this, but here's their earnings info. Congrats to them. I know I'll be seeing Kevin Mitchell at the ITExpo next month. He's on a panel I'm moderating. If not before, I'll get fresh news from Acme Packet then.
Acme Packet Reports Results for Second Quarter of Fiscal Year 2007- Company Posts Record Quarterly Revenues and Pre-Tax Earnings
- Company Reaffirms Previous Business Outlook for 2007 -
BURLINGTON, Mass.--(BUSINESS WIRE)--Aug. 1, 2007--Acme Packet, Inc. (NASDAQ: APKT), the leader in session border control solutions, today announced results for its second quarter ended June 30, 2007 and reaffirmed its previously issued business outlook for 2007. Highlights from the second quarter included:
* Record quarterly revenues of $27.0 million - an increase of 8% sequentially and 41% year-over-year and the seventh consecutive quarter of both sequential and year-over-year revenue growth;
* Record quarterly pre-tax earnings of $7.2 million - an increase of 5% sequentially and 34% year-over-year;
* Acquired 34 new service provider customers to expand its customer base to over 420 service providers - including 76 of the 100 largest Tier-1s in the world;
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