Operating profit, on a non-GAAP basis, for the second quarter of 2008 totaled $0.7 million, a substantial increase compared to the non-GAAP operating loss of $1.0 million in the second quarter of 2007.
Net income, on a non-GAAP basis, for the second quarter of 2008 totaled $0.8 million, or $0.04 per diluted share, compared to a non-GAAP net loss of $1.0 million, or $0.07 loss per diluted share, in the second quarter 2007.
This quarter our three pronged growth strategy comprised of our vertical market approach, OEM partnerships and leading and differentiated products contributed to our strong business and financial performance. We continued to see demand from our main commercial verticals with orders from the financial services vertical doubling over the previous quarter adding more than 10 new customers, closely followed by strong order growth in both the manufacturing and life science verticals, said Ronnie Kenneth, Chairman and CEO of Voltaire.
Voltaire Inc.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
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