Ooma reports Q3 adjusted EPS 15c, consensus 15c

Reports Q3 revenue $59.9M, consensus $60.78M. “Q3 was another strong quarter for Ooma, with 8% year-over-year subscription and services revenue growth driven by 14% year-over-year growth in core business services revenue,” said Eric Stang, chief executive officer of Ooma. “We continued in the quarter to invest in premium product features and international expansion for Ooma Office and Ooma Enterprise, and to increase sales resources and reseller partnerships for AirDial. In addition, we acquired the company 2600Hz to expand our technological resources and capitalize on the opportunity we see in the wholesale and CPaaS marketplace. We believe we are pursuing exciting opportunities for growth in conjunction with sensible expense management.”