Vonage posts a profit!

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August 7th, 2009 Leave a comment Visited 58 times, 1 so far today

Vonage posts a profit!

Vonage has disappeared from news after their disastrous IPO.

The VOIP Company has just posted a small profit though revenues continue to fall as subscribers flee to rival services.

The company said that the net income in the most recent quarter was around USD 1 million. The company had posted losses of around USD 7 million in the same period last year.

The revenues were down to around $220 million. Vonage also announced that they are all set to launch a new marketing campaign which would help them get new customers in the coming months.





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