Ooma (NYSE: OOMA) reported Q1 EPS of $0.11, $0.03 better than the analyst estimate of $0.08. Revenue for the quarter came in at $45.6 million versus the consensus estimate of $44.31 million.

“Ooma executed well in the first quarter and delivered strong growth and financial results,” said Eric Stang, chief executive officer of Ooma. “Revenues from business customers grew 24% year over year and now represent 47% of total revenue, up from 45% in the previous quarter. Ooma invested during the quarter in marketing and channel development, new features, and international reach as part of its plan for fiscal 2022 to drive business expansion. With strong Q1 performance and significant expansion efforts underway, we believe Ooma is well positioned for continued success.”

GUIDANCE:

Ooma sees Q2 2022 EPS of $0.08-$0.10, versus the consensus of $0.06. Ooma sees Q2 2022 revenue of $46-48 million, versus the consensus of $45.12 million.

Ooma sees FY2022 EPS of $0.30-$0.38, versus the consensus of $0.29. Ooma sees FY2022 revenue of $185-187 million, versus the consensus of $183.64 million.

For earnings history and earnings-related data on Ooma (OOMA) click here.