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.
Crexendo Inc (CXDO) is a leading provider of cloud-based communications solutions specializing in UCaaS, call center technology, and secure collaboration tools. This news hub offers investors and industry professionals centralized access to official updates and market developments.
Track essential announcements including quarterly earnings, product innovations, strategic partnerships, and operational milestones. Our curated feed ensures timely access to regulatory filings, leadership updates, and technology deployments that impact CXDO's position in the competitive telecom sector.
Key coverage areas include cloud infrastructure expansions, software solution enhancements, and enterprise customer growth. Users benefit from transparent reporting on CXDO's cost-efficient communication platforms and their adoption across small-to-midsize businesses globally.
Bookmark this page for streamlined monitoring of Crexendo's progress in transforming business communications through scalable, secure technologies. Verify critical information directly through primary sources while maintaining awareness of sector trends influencing CXDO's market trajectory.
Crexendo (Nasdaq:CXDO), a leading software technology company, has surpassed 5 million global users for its cloud communication platform. According to Frost & Sullivan, Crexendo's platform is now the third largest and fastest-growing software platform in North America, growing at nearly twice the rate of its two largest competitors. The company licenses its software to over 230 Partners and supports more than 400 applications through its API capabilities, including AI-powered solutions.
CEO Jeff Korn emphasized Crexendo's commitment to providing cutting-edge technology and exceptional service in UCaaS, CCaaS, and SaaS offerings. The company has doubled its end-user base in just over two years and expects this rapid growth to continue. Crexendo aims to empower businesses with advanced, scalable, and flexible communication solutions to drive productivity and growth in the evolving digital landscape.
Crexendo (NASDAQ: CXDO), a leading cloud communication provider, has achieved a significant milestone by doubling BCN's IP voice platform capacity.
This enhancement caters to the growing demand for BCN's cloud voice solutions, powered by Crexendo's award-winning NetSapiens platform.
BCN's expanded portfolio includes UCaaS, SIP trunking, and POTS Replacement solutions. Since their partnership began in 2020, Crexendo has supported BCN in transitioning from TDM to advanced IP-based services.
Julian Jacquez, BCN's President, praised Crexendo's customer-focused approach and reliability, while Crexendo's CEO, Jeff Korn, highlighted the transformative impact of this capacity boost on meeting market demands.
For more details, visit www.crexendo.com.
Crexendo (NASDAQ:CXDO) reported strong Q2 2024 results, with revenue up 16% year-over-year to $14.7 million. The company saw significant improvements across key financial metrics:
- Net income of $0.6 million, up 220% YoY
- Non-GAAP net income of $2.1 million, up 91% YoY
- EPS of $0.02 per share, up 200% YoY
- Non-GAAP EPS of $0.08 (basic) and $0.07 (diluted), up 100% and 75% YoY respectively
Software solutions revenue grew 35% to $5.3 million, while service revenue increased 10% to $8.1 million. The company's cash position strengthened to $13.6 million, up from $10.3 million at the end of 2023.
Crexendo's NetSapiens Platform has been named a finalist in the Best Industry Enabler category at the 2024 Comms Council UK Awards. This recognition highlights Crexendo's commitment to innovation and excellence in the global telecommunications industry. The Comms Council UK Awards celebrate outstanding achievements in communications, and being nominated underscores the global impact and industry leadership of Crexendo's platform.
Scott Goodwin, SVP of International Markets at Crexendo, emphasized the platform's ability to revolutionize service delivery for providers worldwide. CEO Jeff Korn noted that this nomination signifies Crexendo's substantial international growth and expects further acceleration. The NetSapiens Platform offers a comprehensive suite of unified communications solutions, focusing on flexibility, customization, and seamless integration for service providers in various markets.
Crexendo (NASDAQ:CXDO) has announced its second quarter 2024 financial results conference call, scheduled for August 6, 2024, at 4:30 PM ET. Key executives, including CEO Jeff Korn, President and COO Doug Gaylor, and CFO Ron Vincent, will present prepared remarks and conduct a Q&A session.
Participants can join the call using the following dial-in numbers:
- Domestic: 888-506-0062
- International: 973-528-0011
- Access code: 595520
A replay will be available until August 13, 2024, accessible via 877-481-4010 (domestic) or 919-882-2331 (international) with passcode 50906.
On July 10, 2024, Crexendo (NASDAQ: CXDO) announced its recognition for outstanding platform usability and exceptional customer satisfaction in G2's Summer 2024 Reports. This marks the sixth consecutive quarter Crexendo has topped multiple satisfaction categories, including Ease of Setup, Ease of Use, and Ease of Administration. The company achieved #1 ratings for product features like Video Conferencing, File Sharing, and Voicemail to SMS. Crexendo also retained the Best Relationships award and maintained a 4.9 out of 5-star rating for nine quarters. CEO Jeff Korn highlighted ongoing innovations and customer service improvements, including appointing a new Senior VP of Support and Customer Success.
Crexendo (NASDAQ: CXDO), a leader in cloud communication platforms, has named Tim Wilbourn as Senior Vice President of Support and Customer Success. Wilbourn, who has over a decade of expertise in SaaS and UCaaS sectors, joins from RingCentral.
At RingCentral, he served as Vice President of Customer Experience, leading initiatives that boosted customer satisfaction and operational efficiency. CEO Jeff Korn praised Wilbourn's transformative leadership, highlighting his role in enhancing Crexendo's award-winning software platform.
Wilbourn expressed excitement about advancing Crexendo's customer service. He is also an advocate for diversity, having led the WISE Employee Resource Group.
Crexendo has been awarded the 2024 INTERNET TELEPHONY Product of the Year Award by TMC, marking the fourth consecutive year they've received this honor. The award recognizes their NetSapiens software platform, which supports over 4.5 million users, almost double the industry average. CEO Jeff Korn attributes this success to their innovative approach and significant user growth. Additionally, Frost & Sullivan has named Crexendo the fastest-growing platform in the industry. This accolade underlines Crexendo's leadership in the SaaS and cloud communications sectors.
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.
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