Kore Group reports Q2 EPS (24c), consensus (9c)

Reports Q2 revenue $69.5M, consensus $72.09M. “We continue to build momentum this year, coming off the 2G/3G sunsets and other transitory factors that have obscured our real organic growth. As we said we would do, we are delivering sequential revenue expansion, which we expect to continue for the remainder of 2023. Further, we are reiterating our projection of year-over-year growth starting in Q3.” said Romil Bahl, CEO. “On the all-important new business development front, in the second quarter, not only did we deliver the highest quarter of bookings in the history of the company, but our global sales pipeline also expanded in both number of opportunities and potential TCV dollar value, which positions us well to deliver on our growth commitments over the coming years.”