Thursday, July 28, 2005

Xten Moves to Per-Seat Licensing for SIP Softphones

Xten Networks, a developer of SIP softphones, reported revenue of $1,029,754 for the quarter ended 30-April-2005, compared to $928,608 for the quarter ended 31-January-2005, an increase of 11 percent quarter-over-quarter.

"February 1st represented a significant change in our business model with the company moving away from selling unlimited licenses. Consistent with management expectations, we believed that one-time revenue would be impacted as the company moved to a per-seat license model with a deliberate focus on annuity revenue," stated Mark Bruk, chairman of Xten Networks.

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