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Avistar Communications Q2 net loss increasesJul 27, 2010 (Datamonitor via COMTEX) -- Avistar Communications, a provider of unified visual communications, has reported that net loss for the second quarter ended June 30, 2010, was $2.4 million, or $0.06 per share, compared to $151,000, or $0 per share, for the same period of 2009. Total revenue for the second quarter of 2010 was $1.02 million, compared to $2.88 million, for the same period of 2009. Net income for the six months ended June 30, 2010, was $7.83 million, or $0.2 per share, compared to a net loss of $566,000, or $0.02 per share, for the same period of 2009. Total revenue was $15.8 million, compared to $5.51 million, for the six months of 2009. Bob Kirk, CEO of Avistar, said: "This quarter saw the continued development of a new line of products for emerging unified communications and virtual desktop infrastructure (VDI) markets. With industry analysts predicting growth of VDI adoption reaching 49 million units by 2013, our investment in the Avistar C3 Integrator solution and our completely virtualized set of software endpoints and infrastructure is a key component in our revenue growth strategy." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |