Tuesday, October 28, 2008

MetaSwitch and Data Connection Report Record Revenue

Data Connection Ltd (DCL) announced record revenues of $118.1 million for the fiscal year ending August 31, 2008, an increase of 15.4% year-over-year, making the company profitable for the 27th consecutive year.

The company's MetaSwitch division grew 22% compared to the same period last year, and now accounts for 78% of the total revenue. Growth was driven both by larger Tier 1 carrier deployments and continued expansion of the customer base, to a total of more than 400 service provider and 250 OEM customers.

"Clearly we and our customers are subject to the same macro forces as the rest of the economy," said Ian Ferguson, chairman and founder of Data Connection and MetaSwitch. "However, we are seeing benefits from the current slowdown as our carrier and OEM customers search out suppliers who can deliver clear and immediate positive impact on their bottom line. This is what we do, based on our reliability, exceptional customer support and service, quality engineering and innovation. While the future is less certain than ever, we see this fundamental value proposition continuing to drive strong growth through 2009." http://www.metaswitch.comhttp://www.dataconnection.com