Welcome to our dedicated page for CREXENDO news (Ticker: $CXDO), a resource for investors and traders seeking the latest updates and insights on CREXENDO stock.
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Crexendo, Inc. (NASDAQ:CXDO) reported strong financial results for the first quarter of 2024 with a 14% year-over-year increase in total revenue to $14.3 million. The company achieved GAAP net income of $434,000 and non-GAAP net income of $1.9 million. Operating expenses decreased by 2% while EBITDA and Adjusted EBITDA showed significant improvement. Cash and cash equivalents rose to $11.0 million. The company remains focused on driving organic growth and pursuing strategic opportunities for expansion.
Crexendo, Inc. (NASDAQ:CXDO) has partnered with Oracle Cloud Infrastructure (OCI) to provide cloud communication platforms and services globally. This collaboration marks a significant milestone in Crexendo's growth and expansion, offering unparalleled flexibility to partners and ensuring a secure and reliable platform for users. With over 4.5 million users on Crexendo's NetSapiens platform, the move to OCI solidifies Crexendo's position as a trusted industry leader, redefining the future of cloud communication solutions.
Crexendo, Inc. (NASDAQ:CXDO) will present at the 19th Annual Needham Technology, Media & Consumer Conference on May 14, 2024. The company offers cloud communication platforms, video collaboration, and managed IT services. Executives will host presentations and meetings with investors.
