Raymond James Upgrades Premiere Global Services (PGI) to Outperform

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Go back to Raymond James Upgrades Premiere Global Services (PGI) to Outperform

PGi Strategic Transition Accelerates in the First Quarter of 2015: UC&C SaaS Revenue Up 77% to $19M; Record ACV Bookings of $6M; Highest GM % in 5 Years

April 23, 2015 4:05 PM EDT

ATLANTA, April 23, 2015 /PRNewswire/ -- Premiere Global Services, Inc. (NYSE: PGI), the world's largest dedicated provider of collaboration software and services, today announced results for the first quarter ended March 31, 2015.

In the first quarter of 2015, net revenue totaled $142.3 million, including an estimated negative impact of over $5 million from year-over-year changes in foreign currency exchange rates. Non-GAAP revenue totaled $142.7 million* in the first quarter of 2015. Unified communications and collaboration (UC&C) SaaS revenue grew 77%, totaling $19.0 million in the first quarter of 2015,... More