Careers & Certifications

05:45 PM
Connect Directly
RSS
E-Mail
50%
50%

Voltaire Presents Continued Growth

Voltaire presents continued growth in revenues and profitability in second-quarter 2008

BILLERICA, Mass. and HERZLIYA, Israel -- Voltaire Ltd. (NASDAQ: VOLT), a leading provider of grid backbone solutions for data centers, today announced financial results for the three-month period ended June 30, 2008.

Second Quarter Highlights (compared to second quarter 2007)

  • Revenues up 46% reaching $17.1 million
  • Gross margin reaches record 54.5%, compared to 39.6% in second quarter 2007
  • Non-GAAP net income reaches $0.8 million; GAAP net income totals $0.4 million
  • Strong increase in order generation in financial services, manufacturing and life science vertical markets
  • Introduce third quarter revenue guidance of $17$18 million; non-GAAP EPS $0.02 - $0.04

Revenues for the second quarter of 2008 totaled $17.1 million, an increase of 46% compared to $11.7 million in the second quarter 2007. Gross profit for the second quarter of 2008 totaled $9.3 million, an increase of 101% compared to $4.6 million in the second quarter 2007. Gross profit, as a percent of revenues, for the second quarter of 2008, totaled 54.5%, a substantial increase from the 39.6% gross profit, as a percent of revenues, for the second quarter 2007.

Operating profit for the second quarter of 2008 totaled $0.3 million, an improvement from the GAAP operating loss of $1.3 million in the second quarter of 2007. Net profit for the second quarter of 2008 totaled $0.4 million, or $0.02 per diluted share, compared to a net loss, after non-cash accretion of redeemable preferred shares, of $6.8 million, or $9.79 loss per diluted share, in the second quarter of 2007.

Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Slideshows
Cartoon
Audio Interviews
Archived Audio Interviews
Jeremy Schulman, founder of Schprockits, a network automation startup operating in stealth mode, joins us to explore whether networking professionals all need to learn programming in order to remain employed.
White Papers
Register for Network Computing Newsletters
Current Issue
Video
Twitter Feed