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Article: Veraz Networks Reports Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Electronics Newsweekly
- Article date:
- November 18, 2009
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Veraz Networks, Inc. (NASDAQ:VRAZ), a leading provider of Multimedia Generation Network (MGN) application, control, and bandwidth optimization products, announced financial results for the third quarter ended September 30, 2009.
"Our operations were profitable on a non-GAAP basis as we strengthened our gross margins and sharpened our focus on the cost controls that create long term, sustainable profitability," said Doug Sabella, Chief Executive Officer of Veraz Networks. "In addition, we are pleased to have added eight new customers in the quarter: four new switching customers and four new bandwidth optimization customers." Financial Highlights Revenues were ...