Comverse posts 38% Q2 sales growth, completes Netonomy acquisition

27 Sep 2006

Comverse Technology registered a 37.9% increase in sales to $394 million in its fiscal second quarter ended July 31, the highest quarterly sales figure in the company's history.

Orders backlog at the end of the quarter was placed at more than $750 million, 27.5% higher than in the same period last year. Growth was achieved in all of the company's three main operating units: Comverse, Verint and Ulticom.

Meanwhile, Comverse has completed its acquisition of customer self-service, bill analysis and point of sale solutions provider Netonomy for around $19 million in cash, subject to certain post-closing adjustments. The purchase, according to the company, boosts its position in offering converged billing solutions.

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