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Sangoma Technologies fiscal Q2 profit climbs 8.9% YOY

Sangoma Technologies Corp. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to C$70,390, a gain of 8.9% from C$64,650 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 1.4% from 1.9% in the year-earlier period.

Total revenue increased 48.7% on an annual basis to C$5.1 million from C$3.4 million, and total operating expenses rose 54.5% on an annual basis to C$5.1 million from C$3.3 million.

Reported net income came to C$64,960, or 0 cents per share, compared to a loss of C$172,980, or a loss of 1 cents per share, in the prior-year period.