iPass Reports Third Quarter 2008 Financial Results

23.11.08 - 15:21 ... source : iPass

... Gross Margin Improves to 58%REDWOOD SHORES, Calif. — November 3, 2008 — iPass Inc. (Nasdaq: IPAS), a global provider of services that unify the management of enterprise mobility, today announced financial results for its third quarter ended September 30, 2008. "We were pleased to report improvements in both gross margins and operating profit in the third quarter. These reflect our recent efforts to contain our network access costs and operating expenses while continuing to pursue revenue growth," said Ken Denman, President and Chief Executive Officer of iPass. "With our strong and liquid balance sheet, our highly diversified and stable customer base and our value proposition of helping customers rein in their mobility costs, we believe iPass is well positioned to weather the current economic climate." Highlights for the quarter included: Gross margins improved by roughly 140 basis points, from 56.9% to 58.3%. Bro ...» Next (HTML)