AltiGen Communications, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended December 31, 2016
January 25, 2017 at 04:05 pm EST
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AltiGen Communications, Inc. announced unaudited consolidated financial results for the first quarter ended December 31, 2016. Revenue for the first quarter of fiscal 2017 was $2.1 million, compared to $2.0 million in the preceding quarter, and compared to $2.2 million during the same period in fiscal 2016. GAAP net income for the first quarter of fiscal 2017 was $85,000 or $0.00 per diluted share compared with net loss of $469,000 or $0.02 per share in the preceding quarter, and compared to a net income of $30,000 or $0.00 per diluted share in the same period in 2016. Non-GAAP net income for the first quarter of fiscal 2017 was $90,000, or $0.00 per diluted share, compared with net income of $104,000, or $0.00 per diluted share in the preceding quarter, and compared to a net income of $146,000, or $0.01 per diluted share in the same period in 2016. Operating income was $0.088 million against $0.033 million a year ago. Net income before provision for income taxes was $0.086 million against $0.031 million 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.