Vonage Reports Fourth Quarter and Full-Year 2019 Financial Results
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Vonage (VG) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 & FY20 Revenue Guidance Below Consensus
February 18, 2020 7:04 AM ESTVonage (NASDAQ: VG) reported Q4 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $309.69 million versus the consensus estimate of $305.51 million.
Fourth Quarter 2019 GAAP Highlights:
Business Service Revenues of $196 Million, a 32% Year-Over-Year IncreaseAPI Platform Revenues Increased 50%Applications Mid-market and Enterprise Growth Accelerated to 14%Income from Operations of $4 Million and Adjusted OIBDA of $44 millionAnnouncing Strategic Review of Consumer SegmentIn 2019, we took a number of decisive actions to enable long-term success, said Alan Masarek, Chief Executive Officer. We... More
