Radvision, an Israel-based developer of products and technologies for unified visual communications, has posted revenues of $26.6m for the fourth quarter of 2010, an increase of 17% compared with revenues of $22.7m for the same quarter previous year.
The operating income for the fourth quarter of 2010 decreased by 40% to $1.5m compared with an operating income of $2.5m in the fourth quarter of 2009.
The company posted a net income of $1.4m, or $0.07 per diluted share, for the fourth quarter ended December 31 2010, compared with a net loss of $1.5m, or $0.08 per diluted share, in the fourth quarter of 2009.
Revenue from video business unit increased to $22.6m for the fourth quarter 2010, compared to video business revenue of $18.4m while revenue from technology business unit decreased to $4m from $4.3m for the same period last year.
For the fiscal year 2010, revenues increased to $95.2m, operating loss was $2.8m and net loss was $3.4m or $0.18 per diluted share, this compared with revenues of $81m, operating income of $3m and a net loss of $0.8m, or $0.04 per diluted share, for 2009.
Radvision CEO Boaz Raviv said they achieved record fourth quarter revenues that were ahead of forecast due to the strong performance of their Video Business Unit as their transformation to an end-to-end video offerings provider continued.
"Our VBU revenues increased 23% from the 2009 fourth quarter due to the further ramp-up of our video endpoint sales, strong growth in the sales of our SCOPIA network infrastructure, and continued expansion of our reseller channel network," Raviv said.
