Xten Networks, a developer of SIP softphones, reported revenue of $1,029,754 for the quarter ended 30-April-2005, compared to $928,608 for the quarter ended 31-January-2005, an increase of 11 percent quarter-over-quarter.
“February 1st represented a significant change in our business model with the company moving away from selling unlimited licenses. Consistent with management expectations, we believed that one-time revenue would be impacted as the company moved to a per-seat license model with a deliberate focus on annuity revenue,” stated Mark Bruk, chairman of Xten Networks.
http://www.xten.com
