Vonage Revenue Up 132 Percent After Pivot to Business Customers

Vonage, probably the best-known name in VoIP (Voice over Internet Protocol) for home and business, has reported revenue growth after a pivot to business customers for the fourth quarter and full year ended December 31, 2015.

Revenue at Vonage business was $71 million in the fourth quarter up from $28 million from this time last year, representing a 149 percent year-over-year increase on a Generally Accepted Accounting Principles (GAAP) basis. For the full year 2015, business revenues were $219 Million up from $94 million in the prior year, representing a 132 percent increase.

Vonage Revenue Up 132 Percent After Pivot to Business Customers