Telecom Lead America: Aastra Technologies, an enterprise
communication solution provider, has posted 15.5 percent drop in second quarter
revenue.
Revenue for the three months ended June 30, 2012 was
$147.1 million compared to $174.1 million for the same quarter in 2011.
Excluding the impact of foreign exchange, revenue dropped
approximately 10.9 percent from the same period last year.
Aastra Technologies said revenue decreases were
experienced across most geographical markets including Western Europe where the
majority of the company’s revenue is generated.
Revenue for the six months ended June 30, 2012 was $294.3
million compared to $336.8 million in the same period last year, a decrease of
12.6 percent. The economic weakness in Europe had a significant negative impact
on its revenue in the first half of 2012.
Gross margin increased to 44.2 percent of revenue in the
second quarter of 2012 compared to 41.6 percent of revenue in the same period
in 2011 partly due to reduced price discounting.
Aastra Technologies continues to experience an increase
in revenue from software applications and service as a percentage of total
revenue and this had a positive impact on gross margins realized during the
second quarter of 2012.
Research and development expenses in the second quarter
of 2012 were $15.0 million or 10.2 percent of revenue, compared to $15.8
million or 9.1 percent of revenue in the same quarter of 2011.
Operating expenses decreased slightly compared to last
year as a result of the impact in foreign exchange rates on our European
expenditures. This decrease was partially offset by an increase in bad debt
expense and higher restructuring costs incurred in the second quarter this
year.
Profit decreased in the second quarter this year to $1.9
million compared to $6.1 million in the same period in 2011.
Profit for the six months ended June 30, 2012 was $3.9
million compared to $6.3 million in the first half of 2011.
