Vonage (VG) Tops Q2 EPS by 1c

Vonage (NYSE: VG) reported Q2 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $234 million versus the consensus estimate of $226.48 million.

"We reported a strong second quarter, highlighted by 75% revenue growth by Vonage Business. We continue to make significant progress on our business transformation, including the completion of our recent acquisition of Nexmo, a global leader in Communications Platform as a Service, or CPaaS. We are building a powerful and highly differentiated global Cloud Communications solution for business," said Vonage CEO Alan Masarek.

"At the same time, our strong adjusted OIBDA performance for the quarter reflects the disciplined execution of our plan to drive significant cash flows from Consumer Services, where churn hit a ten-year low," Mr. Masarek continued.

For earnings history and earnings-related data on Vonage (VG) click here.

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