The Company posted net income growth of 145%, to $4,199,000 ($0.10 per diluted share), compared with $1,716,000 ($0.04 per diluted share) for the second quarter of fiscal 2000.
Shawn Osborne, President and CEO of Ulticom stated, Ulticom has achieved record results in a very difficult environment. Our business continued to grow by constantly enhancing our best-in-class products to meet the needs of our high value customers, maintaining a disciplined operational approach, and capitalizing on emerging markets for multimedia wireless and packet softswitching services.
The Company ended the quarter with cash and cash equivalents and short-term investments of $215,517,000, working capital of $205,268,000, total assets of $243,206,000, and stockholders’ equity of $217,812,000, all of which represent record levels.
SOURCE: COMPANY PRESS RELEASE
