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Technology Stocks : Allot Communications Ltd (ALLT)
ALLT 19.38+0.1%Jun 11 4:00 PM EDT

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From: JakeStraw8/5/2014 8:15:14 AM
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Allot Communications Reports Non-GAAP 31.1% Revenue Growth for Q2 2014

Q2 2014 - Key Achievements:

During Q2 2014, 18 large orders were received, 3 of which are new customers

12 of the large orders came from mobile-service providers and 3 were from fixed-line service providers

In addition, 3 large orders were received for private and public cloud deployments

Won a $3 million contract with a tier-1 cable provider to deliver an intelligent traffic management solution to relieve cable access network congestion and provide big data analytics

More than $10 million of the booking was based on the new Allot Service Gateway Tera during Q2 2014.

"We are highly encouraged by the rapid adoption of the Allot Service Gateway Tera platform by Tier-1 mobile service providers and expect this to set a strong foundation for future follow-on installations of analytics, security and additional value added services. The business environment continues to show strength and book to bill ratio was, for the 6th quarter in a row, higher than 1. Entering the second half of the year, our funnel is robust and we continue to identify interesting opportunities with service providers that choose more comprehensive solution than in the past." said Andrei Elefant, President & CEO of Allot Communications. "We see an increasing demand for advanced services and sense a shift towards application-centric data plans offering."
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