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Vonage +2% after business offerings drive revenue beat

  • Vonage Holdings (NASDAQ:VG) is up 2% after its Q2 earnings where its revenues topped expectations thanks to gains in business services.
  • Operating income rose to $13M from a year-ago $7M.
  • OIBDA gained to $45M from the prior $41M.
  • Net income (adjusted) rose to $17M from a year-ago $15M.
  • Revenue breakout: Business, $147.8M (up 19.5%); Consumer, $112M (down 12.6%).
  • With a $35M acquisition of TokBox (as well as higher business growth and a shift in expenses from capital to operating), it's boosting guidance for the full year: consolidated revenues up to $1.04B-$1.05B from a previous $1.03B-$1.045B (on business revenue guidance raised to $600M-$610M); OIBDA in the "$185M area" (down from $195M); and capex of about $30M.
  • Earnings call slides
  • Press release

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Telefonaktiebolaget LM Ericsson (publ)