Vonage CEO Says Demand Has Been ‘Turbocharged’ by Pandemic
- Strategic review hasn’t been impacted by changing conditions
- Shares have outperformed the S&P 500 thus far this year
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Vonage Holdings Corp. is seeing a surge in demand for its business communications services as the coronavirus pandemic accelerates a longstanding trend of remote work.
“There had already been a trend of working from home, but clearly it has been turbocharged massively,” Chief Executive Officer Alan Masarek said in a phone interview on Wednesday. He expects the outbreak “will create a permanent shift” in people working outside the office.