Business
Sangoma Releases Highlights of Its Audited Results for the Financial Year 2006 - 2007
Sangoma Releases Highlights of Its Audited Results for the Financial Year 2006 - 2007.
About this update from Sangoma Technologies Corporation
[{"type":"text","content":"\n\n\n\nRecord sales of $8,223,216 result in 80% growth in net income to\n$1,817,405\n\n\nMARKHAM, ONTARIO, October 29 /CNW/ - Sangoma Technologies Corporation\n(TSXV: STC), the premium provider of telephony and network hardware and\nsoftware products supporting telephony, wide area networks and Internet\ninfrastructure, today released highlights of its results for the financial\nyear ending June 30, 2007.\n\n\n 2006 - 2007 2005 - 2006 Increase\nSales $8.22 Million $4.78 Million 72%\nNet income before provision for $2.83 Million $1.50 Million\n income taxes 89%\nEarnings before provision for $1.82 Million $1.01 Million\n income taxes 80%\nNet earnings per share\n (undiluted): $0.07 $0.04 77%\n\n\nBoth sales and net earnings represent all time records for the company.\n\n\nThe company finished the financial year with working capital of $5.29\nmillion, compared to $2.84 million in the prior year, an increase of 86%.\n\n\n"Sangoma's reputation for quality and reliability is continuing to drive\nrecord results," says Sangoma Technologies President and CEO, David\nMandelstam. "Sales have continued to show strong growth every quarter, as we\ncontinue to expand our channels, and despite the rise in the Canadian Dollar."\n\n\nAbout Sangoma Technologies Corporation\n\n\nFounded in 1984, Sangoma Technologies Corporation is a leading provider\nof connectivity hardware and software products for telephony and wide area\nnetwork solutions. The company develops and manufactures voice and data\ncommunication products including the industry-leading series of Advanced\nFlexible Telecommunications (AFT) PCI cards. Sangoma Technologies Corporation\nis publicly traded on the TSX Venture Exchange (TSXV: STC - News). Additional\ninformation on Sangoma can be found at: www.sangoma.com.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nor accuracy of this release.\n\n\n","length":2233,"tagName":"div"}]