Vonage (VG) Tops Q2 EPS by 1c

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Go back to Vonage (VG) Tops Q2 EPS by 1c

Vonage Announces Strong Second Quarter 2016 Results, Driven by Vonage Business GAAP Revenues of $86 Million, a 75% Year-Over-Year Increase

August 2, 2016 8:02 AM EDT

HOLMDEL, N.J., Aug. 2, 2016 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of Cloud Communications for Business, today announced results for the second quarter ended June 30, 2016.

Second Quarter Consolidated Financial Results

For the second quarter of 2016, Vonage reported revenues of $234 million, up from $222 million in the year ago quarter. GAAP Income from Operations was $5 million, down from $17 million in the prior year, primarily due to acquisition related costs. Adjusted Operating Income Before Depreciation and Amortization ("Adjusted OIBDA")1  for the second quarter was $40 million, a 5%... More