Reports Q3 revenue $17.5M, consensus $17.02M. “Crexendo (CXDO) delivered another outstanding quarter, highlighted by 12% year over year revenue growth, strong profitability with $1.5 million in GAAP net income, and $3.0 million in non-GAAP net income”. said Jeff Korn, Crexendo Chief Executive Officer and Chairman of the Board. “Our 28% growth in software solutions underscores the strength of our platform and the increasing value we provide to customers and partners. I am also very encouraged with the 8% increase in service revenue, which I have great confidence will continue to grow. With strong margins, robust cash generation, and continued innovation, we are executing exceptionally well on our profitable growth strategy.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CXDO:
- CXDO Upcoming Earnings Report: What to Expect?
- Crexendo AI-enhanced software platform surpasses 7M users worldwide
- Crexendo’s Chief Strategy Officer Resigns Effective December
- Crexendo enters strategic cooperation with Gamma Communications
- Crexendo, NUSO partner for global cloud communications capabilities