Sangoma Technologies Corporation (TSX VENTURE:STC), a trusted provider of delivering Unified Communications solutions for SMBs, Enterprises, OEMs, and Service Providers, both on-premises and in the cloud, has announced highlights of its fourth quarter financial results and audited consolidated financial statements for the full year of fiscal 2017, ended June 30, 2017, the company said.
For the fourth quarter of fiscal 2017, sales were a record USD 7.68 million, 26% higher than the same quarter last year and 13% over the immediately preceding quarter. For the full year, revenue was USD 26.88 million, the highest in Sangoma´s history and 27% above last year.
Gross profit was USD 17.53 million for the year. Gross margin was 65% for the year and 64% in the most recent quarter. The company continues to experience the expected margin pressure due to competitive pricing, products in its portfolio at various gross margins, and differing sales models and regions. We expect this trend to continue.
Sangoma Technologies delivers Unified Communications solutions for SMBs, Enterprises, OEMs, Carriers and service providers. Founded in 1984, it can be found on the web at www.sangoma.com.