Octasic 2Q07 update

VoIP silicon maker Octasic had a great quarter with revenues up by 50% compared to 1Q'07. Octasic had estimated revenues in the range of $6-8 million in the quarter.

Asia-Pac generated around 55% of the company’s revenues. China alone contributed around 50% of total revenues. US generated 40% of Octasic 2Q'07 revenues and EMEA accounted for just 5%.

Octasic also announced launch of OCT9400 Series of VoIP/VoATM media gateway modules during the quarter targeted at carriers and enterprises. The module includes echo cancellation and packetization/aggregation devices for quality and advanced packet-handling capabilities.

On the management side there was no major change other than a new VP Engineering joining the company.