Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Essential services. The company also provides home telephone replacement services through various service plans with basic features, such as voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail. Its primary home telephone offering is Vonage World that offers unlimited domestic calling;...
23 Main Street
Holmdel, NJ 07733
Founded in 2000
Vonage Announces Availability of gUnify™ Connector for Oracle Sales Cloud
Apr 11 16
Vonage announced that its gUnify™ Connector for Oracle Sales Cloud, is now available in the Oracle Cloud Marketplace, integrating hosted voice and mission critical business applications for companies conducting their businesses in the cloud and offering added value to Oracle Sales Cloud customers. Vonage's gUnify Connector for Oracle Sales Cloud is designed to streamline management of client interaction and manage key functions within Oracle Sales Cloud in real time, whenever and however a customer chooses to work. Vonage's suite of communications solutions can offer flexibility, portability and ease-of-use across multiple devices to meet the needs of a wide range of businesses, particularly the demands of larger enterprise customers with offices spread across multiple locations. With a complete range of cloud-based communications features, including mobile calling, call continuity, videoconferencing, file and desktop sharing, among others, Vonage allows for a unified communications experience inside and outside of the office. The company's gUnify middleware technology extends these cutting edge communications by connecting cloud-based communications with business applications such as Oracle Sales Cloud, to help create an intuitive workstation for greater mobility, productivity and ultimate profitability. The Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications and service providers offering unique business solutions, including ones that extend Oracle Cloud Applications.Oracle Cloud is the industry's broadest and most complete public cloud, delivering enterprise-grade services at every level of the cloud technology stack including software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and data as a service (DaaS). Requiring no equipment or software purchase, Vonage's gUnify Connector for Oracle Sales Cloud is both device and operating system agnostic. Oracle Sales Cloud and Vonage Business cloud-based communications system become one as users have the ability to click to make calls directly from their contacts, answer calls, place calls on hold, initiate new calls on a second line and more without ever leaving the Oracle Sales Cloud screen. The Connector provides incoming and outgoing call pop-ups and contact creation that synchronizes with Oracle Sales Cloud contacts whether an employee is interacting with clients from a desk phone or fielding calls from a mobile device on-the-go. While taking a call, the technology also allows for simultaneous note taking and updating of custom fields within Oracle Sales Cloud workflow, which can help eliminate the potential for missed information or the need to manually update the CRM system at a later time. The Oracle Cloud Marketplace offers an intuitive user interface to browse and search for available applications and services, as well as user ratings and reviews to help customers determine the best business solutions for their organization. With its new automated application installation features, customers can easily deploy provider business applications from a centralized cloud interface.
Vonage Holdings Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016
Feb 11 16
Vonage Holdings Corporation announced unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the year ended December 31, 2015. For the quarter, revenues were $230,124,000 against $214,533,000 a year ago. Income from operations was $8,298,000 against $18,349,000 a year ago. Income from continuing operation before income tax expense was $5,534,000 against $16,755,000 a year ago. Income from continuing operations was $3,406,000 or $0.01 per diluted share against $10,006,000 or $0.05 per basic and diluted share a year ago. Net income was $3,406,000 against $5,494,000 a year ago. Diluted earnings per share were $0.01 compared to $0.03 a year ago. Net cash provided by operating activities was $46,105,000 against $31,309,000 a year ago. Capital expenditures were $7,745,000 against $5,200,000 a year ago. Adjusted EBITDA was $33,808,000 against $34,821,000 a year ago. Free cash flow was $32,109,000 compared with $24,259,000 a year ago.
For the year, revenues were $895,072,000 against $868,854,000 a year ago. Income from operations was $52,992,000 against $58,071,000 a year ago. Income from continuing operation before income tax expense was $43,453,000 against $51,466,000 a year ago. Income from continuing operations was $25,035,000 or $0.11 per diluted share against $29,707,000 or $0.14 per basic and diluted share a year ago. Net income was $22,596,000 against $19,447,000 a year ago. Diluted earnings per share were $0.10 compared to $0.09 a year ago. Net cash provided by operating activities was $129,731,000 against $92,542,000 a year ago. Capital expenditures were $17,323,000 against $12,436,000 a year ago. Adjusted EBITDA was $143,552,000 against $123,659,000 a year ago. Free cash flow was $95,725,000 compared with $68,287,000 a year ago. Net debt as on December 31, 2015 was $151,627,000 against $119,242,000 as on December 31, 2014.
For 2016, the company expects total revenue to be in the range of $905 million to $920 million. Within this, Vonage Business GAAP revenue is expected to grow roughly 50% from 2015 to 2016, prior to any additional acquisitions. The company expects adjusted EBITDA to be at least $150 million. This revenue and adjusted EBITDA outlook reflects a disciplined approach to Consumer Services, and includes significant growth from, and material investment into, Vonage Business to drive growth in the UCaaS sector. The company expects 2016 capital expenditures and software development to be approximately $38 million. This capital expenditure guidance is net of tenant improvement capital expenditures the company is investing in its corporate headquarters in Holmdel, NJ, which are being refunded in cash by the building owner in connection with the long-term lease renewal. The majority of capital expenditures reflect investments to support the Company's long-term growth objectives, including consolidating its U.S. data centers and other success-based capital projects. Revenue, EBITDA and capital expenditure guidance does not include the impact of potential acquisitions, which are an important component of the company's strategy.