Open source PBX solutions provider Sangoma (News - Alert) Technologies recently released highlights from its audited financial results for the quarter ended September 30, 2006.

 

During the quarter in question, Sangoma reported record sales and net income. The company had sales of $1.55 million, up 29 percent from sales during the same quarter last year ($1.2 million).

 

Net earnings were also up significantly, at $0.40 million, increased 44 percent from net earnings during the same quarter the previous year ($0.28 million).

 

Sangoma ended the first quarter of its new fiscal year sitting pretty with working capital of $3.33 million, an increase of 18 percent over the $2.83 million it had at the end of the previous quarter.

 

“We continue to see significant growth in our first quarter following the stellar fiscal year we had in 2005/06,” Sangoma’s president and CEO, David Mandelstam, said in a statement. “As we introduce new products in the coming quarters, we expect to see our numbers continue to trend upwards.”

 

Sangoma specializes in products for open source PBX (News - Alert) solutions, such as Asterisk and softPBX. The company’s products support a variety of operating systems, Linux, Windows, FreeBSD, Sun Solaris, NetWare, and DOS.

 

Products from Sangoma include the recently launched A400 series of high-density, analog cards capable of handling both FXo and FXS connections, and designed to provide a bridge between traditional and VoIP telephony.

 

For more information about Sangoma’s open source PBX solutions, visit the company’s TMCnet.com channel, Open Source PBX.