Voltaire reports Q3 financials; posts profit

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Voltaire has announced its Q3 results for the quarter ended Sep 30. Interestingly revenues grew nearly 90% year over year, to $15.5M from $8.3M in Q3 2006. Highlights

  • Revenues grew by 88% to $15.5 million
  • Gross margin increased to 43.6%, up from 34.4%
  • Achieved non-GAAP net income of $0.8 million
  • GAAP net income of $0.1 million, before non-cash accretion of redeemable preferred shares
  • Generated $0.2 million cash flow from operations