Artisoft, Inc. Releases Results for First Quarter of Fiscal Year 2002.

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Artisoft, Inc. Releases Results for First Quarter of Fiscal Year 2002.

Business/Technology Editors

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 25, 2001

Artisoft(R) Inc. (NASDAQ: ASFT), developer of the first software-based phone system, today reported its financial results for the first quarter of fiscal year 2002, ended September 30, 2001. Excluding the effects of reserves, channel inventory rotations and OEM revenue schedules, the company reported sequential revenue growth of 9% over the previous quarter.

For the first quarter,...

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