vonage revenue business customers

Vonage, probably the best-known name in VoIP (Voice over Internet Protocol) for home and business, has reported revenue growth after a pivot to business customers for the fourth quarter and full year ended December 31, 2015.

Revenue at Vonage business was $71 million in the fourth quarter up from $28 million from this time last year, representing a 149 percent year-over-year increase on a Generally Accepted Accounting Principles (GAAP) basis. For the full year 2015, business revenues were $219 Million up from $94 million in the prior year, representing a 132 percent increase.

Speaking about the strong revenue showings, Alan Masarek, Chief Executive Officer of Vonage, said, “We made enormous progress optimizing the profitability of Consumer Services, while successfully pivoting to the Unified Communications for Business market.”

Unified Communications (UC) — or Unified Communications-as-a-service (UCaaS) — is the latest communications trend targeting business customers that includes

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Source: Small Business Trends