Israel-based VoIP services provider magicJack VocalTec Ltd. (CALL) Tuesday reported a profit in the fourth quarter of $22.3 million, or $1.17 per share compared to a loss of $4.7 million, or $0.26 per share in the year-ago quarter.
On an adjusted basis, profit was $17.3 million, or $0.91 per share for the latest fourth quarter. Operating income for the quarter was $16.2 million, compared to a loss of $6.0 in the prior year.
Meanwhile, revenues for the quarter grew 56 percent to $41.42 million from $26.63 million in the year-ago quarter, helped by improved sales in magicJack and magicJack PLUS products.
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