Taking a quick look at the UC and VoIP segment, we've got two earnings reports, a bit of acquisition news, and a product enhancement to check out:
Vonage is having a good morning following a strong second quarter earnings report. Their revenues of $234M were above expectations, boosted by growing business revenues of $86M which now account for some 37% of the company's turnover. Those business revenues were up 75%, much of which came from inorganic moves, including the Nexmo acquisition they closed during the quarter. Adjusted net income was $0.08 per share, a penny above expectations.
Meanwhile, BroadSoft reported its second quarter earnings yesterday, posting revenues of $81.7M and non-GAAP earnings of $0.49 per share. Both of those numbers were above analyst expectations, while on the other hand guidance for next quarter of $78-83M and $0.26-0.41 was a bit lower.
As promised, Onvoy has completed the acquisition of ANZ Communications and its subsidiary ANPI that was announced just six weeks ago. The deal brings ANPI's RLEC customer base under Onvoy's umbrella, expanding the latter's reach and adding new relationships. Onvoy has been quite acquisitive over the last couple of years, and I see no reason for them to slow dow, other than to work through the integration of course.
And last week, Alianza revealed enhancements to its cloud voice platform. For end users they've now got robocall blocking, better wireless support, and multiscreen caller ID, while for service providers they've improved onboarding, customer management, and fraud prevention.
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