Sangoma Reports 24% Quarter Over Quarter Growth
Sangoma Continues Rapid Growth Fueled By Industry Leading PCI Card Solutions
Leading analog and digital PCI card vendor for open source PBX based solutions, Sangoma has reported their Q3 financials and they are good – really good. The company posted all time high’s for both sales and net earnings in a quarter, showing a 24% increase in revenues over Q2 and a 69% year over year increase in net income.
According to Sangoma CEO David Mandelstam, “Sangoma’s revenue grew 24% in Q3 relative to our previous record Q2 numbers as our new products gain traction in the marketplace. It is gratifying to see that we are increasingly meeting customer needs, resulting in our long-standing growth trend where we are growing faster than the VoIP adapter and VoIP systems market itself.”
In industry plagued by un-profitable companies, this small, but influential Canadian company is out growing the market by sticking to the basics; making great products, “that just plain work.”
