Ooma reports Q2 adjusted EPS 14c, consensus 14c

Reports Q2 revenue $58.4M, consensus $57.63M. “Ooma performed well in Q2 with 14% year-over-year subscription and services revenue growth, driven by 27% year-over-year growth in business services revenue,” said Eric Stang, chief executive officer of Ooma. “Revenue in Q2 reached $58.4 million and cash flow from operations was strong at $3.6 million. Operationally, we launched new features for Office Pro+, prepared for regional expansion with our largest customer, and developed new capabilities and partnerships for AirDial, which continues to see expanding potential. We believe our key strategic initiatives are developing well and remain focused on continued execution.”