Vonage (VG) Tops Q1 EPS by 4c, Revenues Beat; Offers FY19 Revenue Guidance Above Consensus

Vonage (NYSE: VG) reported Q1 EPS of $0.06, $0.04 better than the analyst estimate of $0.02. Revenue for the quarter came in at $279.54 million versus the consensus estimate of $277.75 million.

"The first quarter reflects a solid start to the year, and I am proud of our team\'s performance across several major initiatives. The execution of our strategy continues to improve, and Vonage is well positioned to deliver on our growth objectives for 2019 and beyond," said Alan Masarek, Chief Executive Officer.

Mr. Masarek continued, "Our OneVonage programmable platform is resonating well with customers, and it enables us to serve the total addressable market across unified communications, contact center, and programmable APIs. By delivering these products with our own technology through an integrated platform, Vonage is capitalizing on the global demand trends for cloud communications, which we believe will drive attractive growth for years to come."

GUIDANCE:

Vonage sees Q2 2019 revenue of $290-293 million, versus the consensus of $287.8 million.

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

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