Vonage (VG) Tops Q3 EPS by 4c

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Go back to Vonage (VG) Tops Q3 EPS by 4c

Vonage Announces Strong Third Quarter 2016 Results, Highlighted by 86% Revenue Growth in Vonage Business

October 26, 2016 8:00 AM EDT

HOLMDEL, N.J., Oct. 26, 2016 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of Cloud Communications for Business, today announced results for the third quarter ended September 30, 2016.

Third Quarter Consolidated Financial Results

For the third quarter of 2016, Vonage reported revenues of $248 million, up from $223 million in the year ago quarter. GAAP Income from Operations was $15 million, up from $9 million in the prior year. Adjusted Operating Income Before Depreciation and Amortization ("Adjusted OIBDA")1 for the third quarter was $41 million, up from $34 in the prior year period. GAAP... More