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Vonage beats guidance in Q1, looking more deeply into sale of Consumer segment

Thursday 7 May 2020 | 14:23 CET | News
Vonage passed expectations again in the first quarter, helped as always by its Business segment. CEO Alan Masarek said that while the company does expect some short-term financial impacts from the coronavirus pandemic, it also believes the crisis will accelerate the digital transformation of the global economy and that Vonage is well positioned to help with this transition. As announced earlier this year, the company has started the strategic review of its Consumer segment, including a possible sale, with the goal of becoming a pure-play Business SaaS company. That review is ongoing.

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Categories: Fixed
Companies: Vonage
Countries: World
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