From Wall Street – Vonage – CY2018-Q3

Current Highlights

The highlights for FY2018-Q3 (CY2018-Q3) are as follows:

  • Total revenues of $262 million, up 3.3%
  • Business revenues of $154 million, up 19%, now at 59% of total
  • Business service revenues of $134 million, up 23%
  • Consumer revenues of $108 million, down 13%, end quarter with 1.3 million subscriber lines
  • Announced and completed acquisition of NewVoiceMedia (430 employees) for $350 million in cash
  • Completed acquisition of TokBox ($33 million)

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