Kaleyra reports Q2 adjusted EPS (8c), consensus (58c)

Reports Q2 revenue $86.8M, consensus $81.83M. “During the second quarter, Tata Communications, a global digital ecosystem enabler, announced it entered into a definitive agreement to acquire Kaleyra. The all-cash transaction and investment in Kaleyra will accelerate Tata’s push into the customer interactions platform market and further solidify Kaleyra’s global CommTech position. This is truly a milestone and exciting development for Kaleyra and all our constituents and stakeholders, unlocking significant value to all and securing a bright future of continuous growth and development of our legacy and heritage,” said Kaleyra Founder and CEO Dario Calogero. “Turning to our second quarter results, we continued to deliver topline results, showing consistent year over year growth, focusing on our higher margin businesses. I am also very pleased with our continued efforts to reduce expenses, evident in the reduction of our operating expenses of 14% on a year over year basis.”