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IT

Nfon lifts revenues in Q2 driven by home office activity, confirms outlook for FY 2020

Thursday 20 August 2020 | 15:37 CET | News
European cloud PBX provider Nfon said total revenues increased by 15.1 percent year-on-year in the second quarter to EUR 16.4 million. The rise comes from increased home office activity since the beginning of March. The demand for cloud-based services also grew while revenue from voice minutes jumped. This increase returned to normal in the quarter, the company added. Recurring revenues rose by 21.5 percent to EUR 14.6 million. Non-recurring revenues fell by 20 percent EUR 1.7 million.  

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Categories: Fixed / IT
Companies: Nfon
Countries: Germany
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