Vonage Reports Second Quarter 2019 Results Highlighted By Strong Business Service Revenue Growth

Video Calls Fast Becoming as Popular as Voice Calls, Reaching Almost Universal Adoption for Social Use, According to Vonage Study

HOLMDEL, N.J., Aug. 6, 2019 /PRNewswire/ — Vonage Holdings Corp. (VG), a global business cloud communications leader, today announced results for the quarter ended June 30, 2019.

“It was another strong quarter for Vonage and I am pleased with our team’s performance. Business revenues reached $200 million for the quarter, and business service revenue growth accelerated to 25% on an adjusted, constant currency basis. Importantly, we continue to demonstrate that our OneVonage programmable platform, built from microservices across voice, video, messaging, SMS and workflows, provides a fundamental competitive advantage,” said Alan Masarek, Chief Executive Officer.

Mr. Masarek continued, “Because we own the entire communications stack across UCaaS, CCaaS, and programmable APIs, we can provide integrated, programmable communications solutions demanded by midmarket and Enterprise companies. As a result, we are uniquely positioned to deliver differentiated communication solutions, and in doing so, to capitalize on a vast opportunity in cloud communications.”