Acme Packet reported its fourth-quarter 2008 earnings on Thursday; net income fell 29 percent, but revenue grew by 8 percent. Profit fell to $3.7 million, down from $5.2 million in 2007’s fourth quarter, while sales increased to $30.6 million.
The numbers were in line with annual guidance provided by research firm ThinkPanmure, wrote analyst Eric Kainer in a Feb. 6 note to clients.
“In this environment, it was a good quarter considering the devastation across the industry, notably at larger pure-play competitor Sonus Networks,” Kainer wrote.
And Acme Packet is doing its part to ensure it survives the recession. The company is targeting the mobile sector – “the only segment of communications with life in 2009,” Kainer said – more closely and selling more SIP trunks to service providers in Europe and Asia. Add that to rival Nortel Networks’ bankruptcy and “we are slightly more hopeful of an end-of-year recovery” for Acme Packet, said Kainer.