MARKHAM, ONTARIO–(Marketwire – Aug. 7, 2012) – Sangoma Technologies Corporation (TSX VENTURE:STC), a leading provider of hardware and software components that enable or enhance IP Communications Systems for both voice and data, today announced preliminary revenue for the fourth quarter of fiscal 2012 ended June 30, 2012 of $3.7m, and for the full fiscal year of $13.8m. These are increases over fiscal 2011 of 14% and 16% respectively and are records for both the quarter and the year. Following the expected dip in the first quarter Sangoma delivered sequential growth in each of the subsequent quarters.
“I am very pleased that our preliminary results indicate a strong close to our fiscal year despite a backdrop of sales downturns amongst some of our competitors,” said Bill Wignall President and CEO of Sangoma. “We have seen revenue softening in certain markets but the impact of new products has kept our momentum going despite the turbulent times. During the year we began to make inroads into some larger customers and I expect that the timing of their orders may cause revenue going forward to be somewhat more lumpy than we saw in 2012.”
Sangoma will announce its full annual financial results late in the quarter after completion of the annual audit and the full release will be followed shortly afterwards by a conference call to discuss the results with investors.