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Crexendo Inc. (NASDAQ: CXDO) is a premier provider of cloud communication platforms and services designed to enhance productivity and reduce costs for businesses of all sizes, from small and medium-sized businesses (SMBs) to mid-sized enterprises. With its extensive range of services, Crexendo offers cloud telephone systems, call centers, unified communications (UCaaS), and collaboration tools, all aimed at improving business efficiency at affordable rates, typically 20-60% lower than traditional telecom expenses.
Crexendo operates through two main segments: Cloud Telecommunications and Software Solutions. The Cloud Telecommunications segment provides hardware, software, and comprehensive unified communication solutions utilizing IP or cloud technology via high-speed internet connections. The Software Solutions segment generates revenue from software licenses, maintenance support, and professional services, catering to customer support and other auxiliary services. The company also offers product warranties and derives a majority of its revenue from the Cloud Telecommunications segment.
Commitment to reliability and security is at the forefront of Crexendo’s operations. The company’s services are benchmarked against stringent security and reliability standards, with PCI compliance and registration as a Competitive Local Exchange Carrier (CLEC) across the USA and Canada. The data centers boast multiple levels of redundancy and high-level security defenses, ensuring maximum operational uptime and data protection.
In recent developments, Crexendo has achieved significant milestones and recognition in the industry. It has been awarded the 2024 North American Competitive Strategy Leadership Award by Frost & Sullivan, highlighting a remarkable 36% user growth in 2023. The company’s cloud platform now supports over four and a half million end users globally, a testament to its expanding market presence and adoption. Additionally, Crexendo has incorporated Generative AI technology powered by ChatGPT into its Contact Center solutions, enhancing real-time conversational capabilities.
Financially, Crexendo has reported robust growth, with a 24% increase in total revenue for the fourth quarter of 2023, reaching $14.2 million. The company has maintained profitability, achieving a net income of $0.4 million for the first quarter of 2024. With strategic partnerships, such as the collaboration with Oracle Cloud Infrastructure (OCI), Crexendo is well-positioned for further geographic expansion and enhanced service delivery.
Crexendo has also been recognized in G2’s Spring 2024 Reports, achieving first place in 19 customer satisfaction categories. This recognition, along with numerous industry accolades, underscores the company's commitment to delivering exceptional cloud communication solutions and customer service.
For more information about Crexendo's products and services, please visit www.crexendo.com.
Crexendo, Inc. (NASDAQ:CXDO) will hold its fourth quarter and year-end 2021 financial results conference call on March 21, 2022, at 4:30 PM EST. Executives, including CEO Steven G. Mihaylo, will present prepared remarks followed by a Q&A session. Domestic callers can dial 877-545-0320, while international participants should use 973-528-0002. A replay of the call will be available until March 28, 2022, with a passcode of 44837. Crexendo is recognized as a leading UCaaS provider, supporting over two million end users globally.
Crexendo, Inc. (CXDO) announced a quarterly cash dividend of $0.005 per common share, payable on February 28, 2022 to stockholders of record by February 18, 2022. CEO Steven G. Mihaylo expressed confidence in the company's strong financial position and expects growth between 40% to 50% annually. Crexendo is recognized as the fastest-growing UCaaS platform in the U.S., supporting over two million end users globally. The dividend declaration reflects the board's assessment of the company’s sustained free cash flow.
Crexendo, Inc. (NASDAQ:CXDO) has been recognized with the 2021 TMC Labs Innovation Award for its VIP Platform, noted for innovation and quality in the UCaaS space. This accolade underscores Crexendo's status as the fastest growing UCaaS platform in the U.S., supporting over two million users globally. The company's services, which include a comprehensive hosted phone system and collaboration tools, are critical for businesses transitioning to remote work. CEO Steven G. Mihaylo emphasized the company's commitment to providing exceptional telecom solutions, backed by a 100% uptime guarantee.
Crexendo, Inc. (NASDAQ: CXDO), a leading provider of Unified Communications as a Service (UCaaS), has partnered with Telecom Consulting Group (TCG) to promote its VIP platform to TCG's extensive network of over 6,000 agents. This all-in-one cloud communication solution has received numerous awards for customer satisfaction and guarantees 100% uptime. Crexendo supports over 2 million global end users and has been recognized as the fastest-growing UCaaS platform in the United States. The partnership aims to enhance Crexendo's market reach and growth potential.
Crexendo, Inc. (NASDAQ: CXDO) has been recognized as one of the best VoIP providers based on high customer satisfaction ratings from G2, a leading business solutions review website. Their VoIP ratings scored 100% in both 'Quality of Support' and 'Ease of Doing Business With', exceeding the category averages. The company supports over 2 million end users globally and has been identified as the fastest growing UCaaS platform in the U.S. CEO Steven G. Mihaylo emphasized the significance of customer service in their success.
Crexendo, Inc. (NASDAQ:CXDO) has been recognized as a leading provider of Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS), supporting over 2 million global users. The company achieved the High Performer ranking on G2's VoIP Provider Grid Report due to high customer satisfaction ratings. CEO Steven G. Mihaylo emphasized the 100% up-time guarantee for their VIP platform, showcasing confidence in their service. This recognition supports their position as the fastest growing UCaaS platform in the U.S.
Crexendo, a provider of UCaaS and CCaaS solutions, reported a remarkable 113% increase in total revenue for Q3 2021, totaling $8.8 million, compared to $4.1 million in Q3 2020. The company achieved a non-GAAP net income of $800,000, but experienced a GAAP net loss of $(125,000). Operating expenses rose by 120% due to acquisitions. For the nine months ending September 30, total revenue increased 58% to $19.1 million. The company emphasized cash flow management while planning for future growth and operational efficiencies.
Crexendo, Inc. (NASDAQ: CXDO) will host its third quarter 2021 financial results conference call on November 9, 2021, at 4:30 PM EST. Key executives, including CEO Steven G. Mihaylo and CFO Ron Vincent, will present prepared remarks followed by a Q&A session. Domestic participants can join by calling 877-545-0320, while international callers should dial 973-528-0002, using access code 249048. A call replay will be available until November 16, 2021.
Crexendo offers UCaaS and CCaaS solutions and supports over two million users globally.
Crexendo, Inc. (NASDAQ:CXDO), a leading provider of Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS), announced its participation in the Channel Partners Conference 2021 in Las Vegas from November 1-4, 2021.
Jon Brinton, the Chief Revenue Officer, will present alongside others on launching UCaaS solutions in under 90 days. The company’s VIP platform will be showcased as a robust solution with advanced customer experience features, having received the 2021 Communications Solution Product of the Year award.
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