Broadsoft (BSFT) Acquires VoIP Logic
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BroadSoft Reports Third Quarter 2016 Financial Results
October 31, 2016 7:30 AM UTCGAITHERSBURG, Md., Oct. 31, 2016 (GLOBE NEWSWIRE) -- BroadSoft, Inc. (NASDAQ: BSFT), a leading global provider of hosted cloud-based enterprise communications software and services to the telecommunications industry, today announced financial results for the quarter ended September 30, 2016.
Financial Highlights for the Third Quarter of 2016Â
Total revenue increased 22% year-over-year to $84.1 millionGAAP gross profit equaled 72% of total revenue; non-GAAP gross profit equaled 76% of total revenueGAAP income from operations totaled $1.6 million; non-GAAP income from operations totaled $17.3 million or 21% of revenueGAAP basic and diluted net loss per share equaled $(0.02)... MoreBroadSoft Announces Acquisition of VoIP Logic
October 31, 2016 2:00 AM UTCGAITHERSBURG, Md., Oct. 31, 2016 (GLOBE NEWSWIRE) -- BroadSoft, Inc. (NASDAQ: BSFT), a global unified communication software as a service (UCaaS) leader, has acquired VoIP Logic, a wholesale provider of BroadWorks-based cloud communications services to internet and other service providers in the US. VoIP Logic has been successful in growing its customer base by offering an attractive cloud wholesale offer to its customers. This cloud model will be... More
