Numbers out for Allot this morning. They are not growing as fast as Sandvine in there Q1/2014 !
Allot Communications Reports Non-GAAP 17.2% Revenue Growth for First Quarter of 2014
HOD HASHARON, Israel, April 30, 2014 /PRNewswire/ -- Allot Communications Ltd. (NASDAQ: ALLT), a leading supplier of service optimization and revenue generation solutions for fixed and mobile broadband service providers worldwide, today announced its first quarter 2014 results, with non-GAAP revenues reaching $28.3 million.
Other First Quarter Highlights:
- Non-GAAP revenues grew 17.2% year on year and 3.5% sequentially.
- Non-GAAP gross margin was 73% (71% on a GAAP basis).
- Non-GAAP operating margin was 7% (2% operating loss on a GAAP basis).
- Book-to-bill above one.
- Generated $3.4 million of operating cash flow. Net cash as of March 31st 2014 totals $122.2 million.
Financial Results:
On a non-GAAP basis, total revenues for the first quarter of 2014 reached $28.3 million, compared with $24.1 million of revenue reported for the first quarter of 2013 and $27.3 million of revenue reported for the fourth quarter of 2013. On a non-GAAP basis, net profit for the first quarter of 2014 was $2.1 million, or $0.06 per basic and diluted share. This compares with non-GAAP net profit of $3.2 million, or $0.10 per basic and $0.09 per diluted share, in the fourth quarter of 2013 and a non-GAAP net profit of $0.6 million, or $0.02 per basic and diluted share, in the first quarter of 2013.
Go Sandvine Go :)