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Packet inspection/traffic management

Allot Reports Q1 Sales Growth

HOD HASHARON, Israel -- Allot Communications Ltd. (ALLT), a leading supplier of service optimization and revenue generation solutions for fixed and mobile broadband operators and cloud providers worldwide, today announced its first quarter 2015 results, with non-GAAP revenues reaching $29.5 million.

Q1 2015 – Financial Highlights:

  • Non-GAAP Revenues were $29.5 million, up 4.4% year over year
  • Non-GAAP Gross Margin reached 76%
  • Non-GAAP Operating Margin was 10%
  • Book-to-bill was below one
  • The Company generated $2.1 million of Operating Cash Flow
  • Net Cash as of March 31, 2015 totaled $123.8 million

    Financial results:
    On a GAAP basis, total revenues for the first quarter of 2015 were $29.5 million compared to $30.6 million of revenue reported for the fourth quarter of 2014 and $28.3 million of revenue reported for the first quarter of 2014. Net loss for the first quarter of 2015 was zero, or $0.00 per basic and diluted share. This compares with a net loss of $2.3 million, or $0.07 per basic and diluted share, in the fourth quarter of 2014 and a net loss of $0.4 million, or $0.01 per basic and diluted share, in the first quarter of 2014.

    On a non-GAAP basis, total revenues for the first quarter of 2015 reached $29.5 million, compared with $30.6 million of revenue reported for the fourth quarter of 2014 and $28.3 million of revenue reported for the first quarter of 2014. On a non-GAAP basis, net income for the first quarter of 2015 was $2.9 million, or $0.09 per basic share and diluted share. This compares with non-GAAP net income of $3.4 million, or $0.10 per basic and diluted share, in the fourth quarter of 2014 and non-GAAP net income of $2.1 million, or $0.06 per basic and diluted share, in the first quarter of 2014.

    Q1 2015 - Key Achievements:

  • During Q1 2015, 18 large orders were received, 3 of which were from new customers
  • 8 of the large orders came from mobile-service providers and 8 were from fixed-line service providers
  • In addition, 2 large orders were received for private and public cloud deployments
  • Allot completed the acquisition of Optenet during the first quarter. The impact over the first quarter results was immaterial.
  • Allot launched SmartEngage which enables mobile operators to increase subscriber service uptake.
  • Received four orders from Tier-1 operators to enable delivery of Security-as-a-Service and Comply with Regulation.

    "During the first quarter we completed the acquisition of Optenet, a global leader in the field of Security-as-a-Service. We believe that the acquisition will significantly enhance our security offering and support future growth opportunities," said Andrei Elefant, President & CEO of Allot Communications. "We continued to improve our margins in the first quarter, expend our customer base and increase our market share. Security and monetization remained top performers within our VAS offering and we continue to view these two segments as key growth engines to our future growth."

    Allot Ltd. (Nasdaq: ALLT)

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