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October 21, 2010

Aastra Q3 revenue down 19%

Net income CAD0.03 per share

By CBR Staff Writer

Aastra Technologies has reported total sales of CAD161.8m ($158.7m) for the third quarter of 2010, a decrease of 18.6% compared to CAD198.6m ($194.8m) for the same quarter in 2009.

The company’s gross margin was 41.3% of sales in the third quarter as compared to 44.7% of sales in the same period last year.

The R&D expenses in the third quarter were CAD16.1m or 10.0% of sales, as compared to CAD18.8m or 9.5% of sales in the same quarter of 2009.

Aastra has posted income before income taxes of CAD0.46m as compared to CAD12.5m for the same quarter prior year.

For the quarter ended 30 September 2010, the company has posted net income of CAD0.37m, or CAD0.03 per share, as compared to CAD9.6m, or CAD0.71 per share, for the same period last year.

Headquartered in Ontario, Canada, Aastra Technologies develops and delivers integrated offerings that address the communication needs of businesses small and large around the world.

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