Veraz Posts Q2 Revenue of $31.2 million, up 35% YoY

Veraz Networks posted Q2 revenues of $31.2 million, a year-over-year increase of 35% from the second quarter of last year. IP product revenues for Q2 were $21.4 million, an increase of 87% over the second quarter of 2006. Veraz recorded Q2 net income of $2.1 million, including $0.6 million in stock-based compensation expense, as compared to the second quarter of last year with a net loss of $6.2 million, including $0.2 million in stock-based compensation expense. http://www.veraznetworks.com