Network Equipment Technologies (net.com) reported quarterly revenue of $31.6 million, compared to $29.1 million for the preceding quarter, an increase of 8.6 percent, and $31.9 million for the same period last year, a decrease of 1.1 percent. Product revenue was $27.5 million, compared to $24.4 million for the preceding period. New products — SCREAM broadband services platform, SHOUTIP for IP telephony services, and netMS for integrated network management — represented more than 18% of product revenue, and nearly 16% of overall revenue.
The company reported net income of $1.4 million, or $0.06 per share for quarter, compared to a net loss of $829,000, or $0.03 per share, for the preceding quarter, and net income of $400,000, or $0.02 per share, for the second quarter of last year.
Microsoft Corporation selected net.com’s ShoutIP platform as the gateway component in its global VoIP network. Microsoft selected SHOUT2500 for its Redmond headquarters and larger offices and SHOUT900 for its smaller offices. ShoutIP will provide the gateway components that will help to migrate the company’s voice traffic from a wide variety of PBX platforms to a global VoIP network as part of the company’s IP-PBX strategy, providing linking, cross connection, and voice switching across a worldwide network infrastructure. http://www.net.com
