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Broadband

Vonage grows Q1 revenues 4%, net profit jumps

Tuesday 8 May 2018 | 15:22 CET | News
VoIP provider Vonage reported first-quarter revenues of USD 254 million, up 4 percent from a year earlier as continued growth in its enterprise business helped offset the contraction in the consumer market. Adjusted OIBDA rose to USD 42 million from USD 37 million a year ago, in line with the company's outlook, and net profit jumped to USD 25 million or 11 cents a share from USD 6 million or 3 cents a share a year earlier thanks to tax benefits. 

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Categories: Fixed
Companies: Vonage
Countries: United States
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