Allot Communications’ (ALLT) CEO is happy with how the company has performed in the past year.
"We were pleased with the growth which Allot reported in 2008," commented Rami Hadar, Allot Communications' president and CEO. "We were particularly proud of our continued leadership position in the mobile markets, which we see as a significant opportunity going forward. The record results for 2008 were attained despite the challenging economic conditions, and demonstrate Allot's attractive value proposition of optimizing our customers' networks in the near term while enabling opportunities to monetize their networks in the future. While our short term results may be affected by the evolving macroeconomic conditions, we believe that we are well-positioned to address the potential of the market in the long term."
Total revenue for the fourth quarter reached $9.6 million, a 10 percent increase from the $8.7 million reported in the fourth quarter of 2007. It was only a 2 percent decrease from revenue reported in the third quarter, despite the instability of the world economy.
Allot provides IP service optimization solutions based on deep-packet inspection.
