Metaswitch Posts Annual Revenue of US$113.7 million, Consolidates Brands

Metaswitch Networks reported annual revenue for its 2008/2009 financial year (ending 31-August-09) of £61.8 million (US$113.7 million), up 4.2% from £59.3 million in the previous year. Operating margins were sustained above 20%.


The company said its Carrier Systems Division business was primarily driven by tier one incumbent operators and major regional competitive providers, as smaller operators' spending slowed amid uncertainty about market conditions and the timing of federal broadband stimulus funds. Eight of the top 10 incumbent operators in North America now rely on Metaswitch for carrier VoIP infrastructure.


The company's Network Protocols Division (NPD), previously known as Data Connection Limited (DCL) but now incorporated under the company's main Metaswitch brand, also reported strong results. The company said all of the top 10 communications equipment vendors worldwide now using Metaswitch Network Protocols Division software to power their networking products. Business was balanced across its MPLS, Routing, VoIP and Session Border Controller product lines.


In addition, the company has consolidated its two division under a new Metaswitch Networks brand.


"We are extremely pleased with these results, especially in the light of market conditions which have seen carrier VoIP spending down by more than 30% according to industry analysts," said John Lazar, Metaswitch CEO.
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