MONTREAL – Revenue from wireless engineering for the first time in the company’s history helped Prestige Telecom’s revenue grow by 41% and 39% respectively for their second quarter and year to date.
According to the company press release, revenues for the second quarter ended September 30, 2008 were $14.1 million, an increase of 41% over the second quarter of last year, and a sequential increase of 12% compared to the quarter ended June 30. Revenues for the six months ended September 30th reached $25.8 million, an increase of 39% over the same period last year, reflecting “successful” acquisitions and the impact of new wireline infrastructure contracts with telecom clients.
"We are pleased to continue to report on our progress as we execute on our plan to become the outsource network infrastructure services partner of choice to wireline and wireless telecoms, cable TV networks and OEMs (original equipment manufacturers)”, said chairman and CEO Pierre-Yves Méthot in a statement. “In the first half of our fiscal year we have made tremendous progress in wireline with the signing of three important contracts. On two of these we have commenced to execute, and this has resulted in two back-to-back quarters of record sales levels.”
