net.com reported quartelry revenue of $31.9 million, compared to $28.1 million for the same period last year, an increase of 13.8%, and $34.1 million in revenue in the preceding quarter, a decrease of 6.3%.
Total product revenue for the quarter was $27.8 million, compared to $23.1 million for the same period last year, an increase of 20.3%, and $29.3 million in the preceding quarter. net.com reported net income of $0.4 million, or $0.02 per share.
The company said that its new products — the SCREAM broadband services platform and SHOUTIP for VoIP services — represented more than 15% of product revenue, and nearly 14% of overall revenue.
Separately, net.com announced a contract to supply Bandwidth Management Equipment (BME) for NATO’s communications network, across the NATO member states. NATO will use the SCREAM broadband and Promina multiservice access platforms to provide ISDN voice, routing, and data transport capabilities over a variety of transport protocols including Frame Relay, ATM and IP. Financial details of the contract were not disclosed.
net.com also announced the third amendment to its licensing agreement with Cisco Systems, substantiating its rights to use Cisco IOS in net.com’s platforms, and establishing new pricing for multiple versions of IOS software.
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