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Broadsoft narrows loss as revenues jump 27% in Q1

Monday 4 May 2015 | 15:49 CET | News
BroadSoft said first quarter revenues increased 27 percent from the year before to USD 55.7 million, with the net loss narrowing to USD 2.0 million or 0.07 per share, from a loss the year earlier of 7.5 million or 0.26 per share. On a non-GAAP basis, net profit reached USD7.3 million or USD 0.24 per diluted common share from 2.2 million or 0.07 per diluted common share. CEO Michael Tessler attributed the positive results to positive market demand trends, as well as the company's strategy of pushing true unified communications, cloud delivery and end-user sell-through. For the second quarter,

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Categories: Fixed
Companies: Broadsoft
Countries: United States
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