The company posted record sales of $365,037,000 for the first quarter of fiscal 2001, an increase of 36% over the first quarter of fiscal 2000. Kobi Alexander, Chairman and CEO of Comverse Technology, stated, Our first quarter results reflect our leadership position in our major markets. We believe that we are expanding our market share in all three of our major areas of operation. More than 370 wireless and wireline telecommunications network operators have selected Comverse’s enhanced services systems and software, which enable the provision of revenue-generating value-added services including call answering with one-touch call return, short messaging services, IP-based unified messaging (voice, fax, and email in a single mailbox), 2.5G/3G multimedia messaging (MMS), wireless instant messaging, wireless data and Internet-based services, voice-controlled dialing, messaging and browsing, prepaid wireless services, and additional personal communication services.
In addition, our Comverse Infosys division continues to expand its
market share, as more customers use our monitoring, business intelligence and customer relationship management products, and our Ulticom division continues to benefit from the growth in intelligent network services, as well as the convergence of circuit and packet communications technologies.
