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10-08-2009, 03:48 PM
Metaswitch Networks, a provider of carrier systems and communications software solutions, reported Wednesday in its annual earnings results release for the 2008/2009 financial year that the company's revenue grew 4.2% despite the rough economy. Revenue increased from $94.5 million to $113.7 million. In an interview with FierceVoip, Andrew Randall, senior vice president for marketing and business development, explained that "in what was a very tough year from a market perspective, [Metaswitch] actually grew revenue and [was] very solidly profitable."
The key takeaway from this one data point is really all about positioning. "Looking forward to the coming year--when you compare what we've been doing: investing in the company, the people and the product--the position that we are in coming out of this recession [is that] we are better placed among all our competitors to really grow and ride the wave as carriers really start migrating more toward structured VoIP and taking on more IP based services," stated Randall on the call.
The company also announced that it was combining the Carrier Systems and Network Protocol Divisions under the single brand Metaswitch Networks. By merging the carrier systems and network protocol businesses, the company hopes increase brand awareness about all of its capabilites to both carrier and vendor customers.
For more:
- read the release (http://www.fiercewireless.com/press-releases/metaswitch-networks-annual-results-show-revenue-growth-strong-profitability-and-marke)
Related articles
Metaswitch was a Fierce 15 Company in 2008
(http://www.fiercevoip.com/special-reports/metaswitch-top-voip-companies-2008-fiercevoip-fierce-15)MetaSwitch names new CFO
(http://www.fiercevoip.com/story/metaswitch-names-new-cfo/2009-08-24)Report: MetaSwitch global Class 5 softswitch leader (http://www.fiercevoip.com/story/report-metaswitch-global-class-5-softswitch-leader/2009-05-29)[/URL]
[url=http://www.fiercevoip.com/story/metaswitch-announces-earnings/2009-10-07?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FV0]More... (http://www.fiercevoip.com/special-reports/metaswitch-top-voip-companies-2008-fiercevoip-fierce-15)
The key takeaway from this one data point is really all about positioning. "Looking forward to the coming year--when you compare what we've been doing: investing in the company, the people and the product--the position that we are in coming out of this recession [is that] we are better placed among all our competitors to really grow and ride the wave as carriers really start migrating more toward structured VoIP and taking on more IP based services," stated Randall on the call.
The company also announced that it was combining the Carrier Systems and Network Protocol Divisions under the single brand Metaswitch Networks. By merging the carrier systems and network protocol businesses, the company hopes increase brand awareness about all of its capabilites to both carrier and vendor customers.
For more:
- read the release (http://www.fiercewireless.com/press-releases/metaswitch-networks-annual-results-show-revenue-growth-strong-profitability-and-marke)
Related articles
Metaswitch was a Fierce 15 Company in 2008
(http://www.fiercevoip.com/special-reports/metaswitch-top-voip-companies-2008-fiercevoip-fierce-15)MetaSwitch names new CFO
(http://www.fiercevoip.com/story/metaswitch-names-new-cfo/2009-08-24)Report: MetaSwitch global Class 5 softswitch leader (http://www.fiercevoip.com/story/report-metaswitch-global-class-5-softswitch-leader/2009-05-29)[/URL]
[url=http://www.fiercevoip.com/story/metaswitch-announces-earnings/2009-10-07?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FV0]More... (http://www.fiercevoip.com/special-reports/metaswitch-top-voip-companies-2008-fiercevoip-fierce-15)