Ulticom Profit Jumps - TheStreet

Ulticom

(ULCM)

posted a big gain in fourth-quarter earnings Monday.

For its fourth quarter ended Jan. 31, the Mount Laurel, N.J., maker of telecom signaling software posted a profit of $4.9 million, or 11 cents a share. That's up from the year-ago $1.2 million, or 3 cents a share, and in line with the Wall Street analyst consensus estimate.

Revenue rose 69% from a year ago to $17.1 million, though the advance was just 1% sequentially, leaving the latest-quarter figure a bit shy of the $17.4 million Thomson First Call consensus estimate.

"During the fourth quarter, Ulticom benefited from Signalware deployments for payment solutions in the world's emerging markets where rapid wireless subscriber growth and strong demand for enhanced services has fueled the investment in prepaid calling and data-charging applications," said CEO Shawn Osborne.

Late Monday, Ulticom slipped 40 cents to $12.85.