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SANG MA NEWS RELEASE SANGOMA REPORTS RESULTS FOR THE SECOND QUARTER OF FISCAL 2021 Quarterly revenue up 9 % while EBITDA expands 32 % to over $ 6.8 million MARKHAM , ONTARIO , February 4 , 2021 Sangoma Technologies Corporation ( TSX VENTURE : STC ) , a trusted leader in delivering cloud - based Communications as a Service ( " CaaS " ) solutions for companies of all sizes , today announced highlights of its unaudited condensed interim consolidated financial statements for the second quarter of its fiscal year 2021 ended December 31 , 2020 . For the second quarter of fiscal 2021 , sales were $ 35.32 million , 9 % higher than in the same quarter last year , and EBITDA was an all - time record $ 6.84 million , up 32 % over the same quarter last year . Q2 FY2021 Q2 FY2020 Change Q1 FY2021 Change Sales $ 35.32 m $ 32.29 m 9 % $ 35.03 m 1 % Gross profit $ 23.46 m $ 21.32 m 10 % $ 23.18 m 1 % Operating expense $ 19.68 m $ 19.17 m 3 % $ 19.65 m 0 % Operating income¹ $ 3.78 m $ 2.15 m $ 3.53 m Net income $ 2.46 m ( $ 1.33 ) m $ 2.24 m Net earnings / ( loss ) per $ 0.022 ( $ 0.018 ) $ 0.022 share ( fully diluted ) EBITDA¹ $ 6.84 m $ 5.19 m 32 % $ 6.73 m 2 % 1 Operating Income and EBITDA are metrics used by the Company to monitor its performance and the definitions may be found in the accompanying MD & A posted today at www.sedar.com . " This was another strong quarter for Sangoma , with total sales up 9 % from the same quarter last year and our all important Services revenue growing almost 25 % over the second quarter of fiscal 2020 , ” said Bill Wignall , President and CEO of Sangoma . “ The solid revenue , reliable gross margin , and expense controls undertaken during the pandemic has delivered our highest quarterly EBITDA ever . As the crisis begins to subside , we will begin to prudently open up spending slightly again , which should bring EBITDA back closer to the range expected in our fiscal 2021 guidance , of around 17 % . And of course , this all follows our very exciting announcement last week , of the 1