- Delivers revenue of $4.3 million and record deferred revenue of $1.3 million
- Reaffirms guidance of annual fiscal 2008 revenue growth of 20% – 25%
Fremont, CA – Jan. 23, 2008 – AltiGen Communications, Inc. (Nasdaq: ATGN), a leading provider of VoIP business phone systems and Unified Communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, branch offices and call centers, reported its financial results for the fiscal 2008 first quarter ended December 31, 2007.Gilbert Hu, AltiGen’s CEO, said, “During the quarter, we made headway implementing our growth plan. While we posted quarterly revenue of $4.3 million, compared to $4.4 million reported for the same quarter last year, due to successful efforts to initiate our new software assurance program, we closed the quarter with record deferred revenue of $1.3 million, up from $565,000 at Sept. 30, 2007. Our software assurance program establishes a new recurring revenue stream while strengthening our customer relationships and creating additional sell-in opportunities. We continue to have a significant opportunity to upgrade our entire customer base.”Jeremiah Fleming, AltiGen’s president and COO, stated, “We are broadening our distribution channel and increasing our exposure to resellers. In December, we initiated our training kick-off with Jenne Distributors, Inc., and due to the demand, we have already doubled our training course capacity. Additionally, we are extending our relationships with our existing distributors. One of our long-term distributors has moved from a support role to a proactive sales role and is conducting reseller recruiting and user demand generation activities. Finally, as planned, we are expanding internationally and signed a new distribution agreement with Techland Group in the United Kingdom.”“In addition, in January, we launched a new unit, AltiGen Communications Financing (ACF), to provide our customers one point of contact to deliver a total solution – equipment services and financing in one package under the AltiGen brand. Our goal is to increase long-term revenue streams by providing customers an easy financing option.”
0 Comments