Allot Communications Ltd. (ALLT), a supplier of service optimization and revenue generation solutions for fixed and mobile broadband operators and cloud providers worldwide, said that its net profit for the third-quarter 2014 was $0.8 million, or of $0.02 per share, compared to a net loss of $1.9 million, or $0.06 per share last year.
On a non-GAAP basis, net profit was $3.1 million, or $0.09 per share. This compared with non-GAAP net profit of $1.1 million, or $0.03 per share in the prior year.
Total GAAP revenues for the quarter reached $30.1 million compared to $24.0 million in the prior year. On a non-GAAP basis, total revenues were $30.1 million, compared with $24.1 million in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share and revenues of $29.27 million. Analysts' estimates typically exclude special items.
In a separate press release, Allot Communications said that it has appointed Shmuel Arvatz as its new Chief Financial Officer. Arvatz will replace Nachum Falek, Allot's current CFO, who is leaving to become the CFO of a privately-held company.
Prior to joining Allot, Arvatz served as the CFO of ClickSoftware (CKSW), a provider of automated mobile workforce management and service optimization solutions for enterprises, since 2002. Prior to joining ClickSoftware, Shmuel served as the CFO of Shrem, Fudim, Kelner Technologies Ltd.. He also served as Executive Vice President and CFO of Tecnomatix Technologies Ltd. (TCNO), a provider of software e-manufacturing solutions. Between 1990 and 1999, Shmuel served as Vice President and CFO of ADC Israel Ltd. (previously Teledata Communications Ltd.).
For comments and feedback contact: editorial@rttnews.com
Business News