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Sangoma Technologies Corp (SANG) delivers enterprise-grade VoIP systems and unified communications solutions for global markets. This news hub provides investors and industry professionals with timely updates on corporate developments shaping the telecommunications sector.
Track official press releases, financial disclosures, and strategic announcements through our verified repository. Key coverage areas include product innovations, partnership agreements, financial performance, and market expansion initiatives. All content is sourced directly from company filings and authorized communications.
Bookmark this page for streamlined access to SANG's evolving position in cloud communications and legacy system integration. Regular updates ensure stakeholders maintain current awareness of operational milestones and industry leadership in VoIP technologies.
Sangoma Technologies (Nasdaq: SANG) announces the appointment of April Walker to its Board of Directors, effective July 1, 2024. Walker brings over 30 years of experience in the tech sector, most recently serving as Senior VP of Customer Success at Salesforce. Her background includes roles at Microsoft, MetLife, and NBCUniversal, enhancing customer engagement and digital innovation. Walker holds an MBA and specialized Executive Certification in AI from MIT Sloan and a Master's in Engineering Management from George Washington University. Sangoma views her appointment as a strategic move to further its commitment to innovation and customer success.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) announces the appointment of Monica Walton as Chief Revenue Officer. With over 25 years of experience, Walton will drive go-to-market strategies for the SMB market. She has a strong background in sales and channel management, including roles at Lumen Technologies and Evoque. Walton is recognized for her contributions to the industry, such as being listed on Channel Futures' DE&I 101 List in 2023 and CRN's Women of the Channel list in 2024. Her role aligns with Sangoma's growth strategy, focusing on transforming and expanding the company's market presence.
Sangoma Technologies announced its third quarter fiscal 2024 results, with Services revenue accounting for 82% of total revenue. Net Cash provided by Operating Activities increased by 121% over the prior year period. Revenue decreased by 3%, while Gross profit and Operating expenses also saw decreases. Adjusted EBITDA decreased by 9%, but Net cash provided by operating activities showed a significant increase. The company reaffirmed its fiscal year 2024 guidance, narrowing revenue and Adjusted EBITDA forecasts.
Sangoma Technologies announced the date for the release of its third quarter fiscal 2024 financial results and conference call. The results are expected to be released on May 8, 2024, after markets close, with a conference call scheduled for the same day at 5:30 PM Eastern Time.
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