Vonage posts first operating profit (Digital Media Europe)
(Telecompaper) VoIP provider Vonage reported its first operating profit for the fourth quarter, of USD 3 million. That compares to a loss of USD 9 million in the year-ago quarter and USD 3 million in Q3. The bottom line was still a net loss of USD 41 million, up from a loss of USD 14 million a year earlier due to extra financing costs. Revenues rose 3 percent year-on-year to USD 222 million, …
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