AltiGen Communications, Inc. Announces Earnings Results for the First Quarter Ended December 31, 2017
January 25, 2018 at 05:00 pm EST
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AltiGen Communications, Inc. announced earnings results for the first quarter ended December 31, 2017. Revenue for the first quarter was $2.3 million, up 10% from $2.1 million in the previous quarter, and compared to $2.1 million in the same period a year ago. Net profit for the quarter was $338,000, up 59% from $212,000 in the previous quarter, and compared to a net profit of $85,000 for the prior year quarter. These results reflect the effects of FASB 123R expensing of noncash share-based compensation in the amounts of approximately $6,000 in the current quarter, $4,000 in the preceding quarter, and $5,000 in the same period a year ago.
Altigen Communications, Inc. is a Microsoft independent software vendor (ISV) and cloud solutions provider (CSP) of cloud-based Internet protocol-private branch exchange (IP-PBX), departmental call center and corporate contact center solutions. The Company is engaged in designing, developing, marketing, and supporting integrated communications solutions. The Company operates through two segments: North America and Rest of World. Its solutions portfolio is divided into two key categories: Hosted Enterprise Cloud Communications Services and Premise-Based Business Communications Solutions. Its Hosted Unified Communications Solutions and Services include Hosted Skype for Business, MaxACD Cloud Contact Center, MaxCS Cloud PBX and Session Initiation Protocol (SIP) Trunking Service. Premise-Based Business Communications Solutions include MaxCS Cloud PBX, MaxACD Voice Over Internet Protocol (VoIP) Contact Center and MaxACD Contact Center for Microsoft Skype for Business.
ALTIGEN COMMUNICATIONS, INC. 
