Vonage Holdings (VG) Tops Q1 EPS by 3c

Vonage Holdings (NYSE: VG) reported Q1 EPS of $0.06, $0.03 better than the analyst estimate of $0.03. Revenue for the quarter came in at $221 million versus the consensus estimate of $219.6 million.

"Vonage generated strong results for the quarter, including increased revenue both sequentially and year-over-year, as well as the highest level of adjusted EBITDA in the last four quarters," said Marc Lefar, Vonage Chief Executive Officer. "Vonage Business Solutions' strong performance reflects an acceleration in growth, and we will continue to invest to further penetrate the attractive market for small and medium businesses.

"Our consumer services business was relatively stable despite an uptick in early life customer churn and weather-related softness in retail channels.

"Marking an important step in our international expansion strategy, we officially launched our consumer VoIP service in Brazil two weeks ago. And just last week, we introduced ReachMe Roaming™, a patented feature of our Vonage Mobile App that allows U.S. travelers to receive free incoming calls to their existing cell phone numbers when connected to Wi-Fi anywhere in the world.

"We remain focused on investments to drive long-term revenue growth and will continually reallocate resources as needed based upon market response."

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

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