Sangoma Technologies reports Q2 EPS (10c), consensus (7c)

Reports Q2 revenue $62.28M, consensus $61.62M. “We are currently immersed in the transformative journey outlined in the 100-day plan, a strategic initiative I initiated upon assuming the role of Sangoma’s CEO. The entire Sangoma team has rallied together, aligning our efforts in unison across all facets of the business. Whether supporting our new enterprise architecture plan, including ERP, driving cost-saving measures, executing go-to-market strategies, or optimizing day-to-day operations, I am exceptionally pleased and proud of the collective dedication within the Sangoma family,” stated CEO Charles Salameh. “In the realm of building organizations or skyscrapers, a solid foundation is paramount for sustained growth and stability. Our robust, transparent, and well-maintained Balance Sheet serves as a crucial pillar in this foundation. Our unwavering focus on maintaining this financial bedrock is critical as we construct our new organizational structure atop it..”