For investor information contact:
Leigh Salvo, Investor Relations
(650) 314-1000
ir@catapult.com

CATAPULT COMMUNICATIONS REPORTS FIRST QUARTER FISCAL YEAR 2008 RESULTS

Mountain View, CA—February 7, 2008— Catapult Communications Corporation (Nasdaq: CATT) today reported that revenues for its first fiscal quarter ended December 31, 2007 were $10.3 million. After non-cash, pre-tax stock option costs of $825,000, the Company reported a net loss of $1.2 million or $0.09 per diluted share.

In the first quarter of fiscal year 2008, the Company’s combined cash, cash equivalent and short‑term investment position decreased by approximately $3.1 million to $59.2 million after the repurchase of 172,047 shares at a total cost of approximately $1.3 million.

“ We continued to see a moderate recovery in our business, most notably in Japan,” said Dr. Richard A. Karp, Catapult’s Chairman and CEO. “ The strong commitment by OEMs to the next generation of global wireless telephony, LTE, is positive for Catapult, as our business is driven by technological change in the telecom market .”

Catapult Communications will be discussing its first quarter results on a conference call today, beginning at 5:15 p.m. Eastern/2:15 p.m. Pacific. Please dial ( 800) 901-5241 or (617) 786-2963 and provide conference ID# 36716710 to access the call. The conference call will also be broadcast from www.catapult.com.

A replay of this teleconference will be available on the Company’s website for one year following the conference call. A digital recording will be provided by telephone two hours after the completion of the conference call through midnight on February 14, 2008. To access the replay, please dial ( 888) 286-8010 or ( 617) 801-6888 and enter conference ID# 31713146.

About Catapult Communications
Catapult Communications is a leading supplier of advanced digital telecom test systems to global equipment manufacturers and service providers, including Alcatel-Lucent, Ericsson, Motorola, NEC, NTT DoCoMo, Nortel and Nokia Siemens Networks. The Catapult DCT2000® and MGTS® systems deliver superior high-end test solutions for hundreds of protocols and variants— spanning LTE, IMS, WiMAX, mobile telephony, VoIP, GPRS, SS7, Intelligent Network, ATM and ISDN. The Company is committed to providing testing tools that are at the forefront of the telecom technology curve.

Catapult is headquartered at 160 South Whisman Road, Mountain View, CA 94041. Tel: 650-960-1025. International offices are located in the U.K., Ireland, Germany, France, Finland, Sweden, Canada, Japan, China, Australia, India and the Philippines. Information about Catapult Communications can be found on the Web at www.catapult.com.

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Q1 FY08 Financials - pdf