Welcome to our dedicated page for Crexendo news (Ticker: CXDO), a resource for investors and traders seeking the latest updates and insights on Crexendo stock.
About Crexendo Inc.
Crexendo Inc. (NASDAQ: CXDO) is a premier software technology company specializing in cloud communication platforms and Unified Communications as a Service (UCaaS). The company provides a comprehensive suite of services, including voice, video, contact center, and managed IT solutions, tailored to businesses of all sizes. Crexendo’s solutions are designed to enhance productivity, streamline communications, and reduce costs, making it a trusted partner for enterprises seeking scalable and customizable communication tools.
Core Business Segments
Crexendo operates through two primary business segments:
- Cloud Telecommunications: This segment offers hardware, software, and unified communication solutions leveraging IP and cloud technology. It provides subscription-based services that include free call center capabilities, detailed reporting, and unified communications tools.
- Software Solutions: Through its proprietary NetSapiens platform, Crexendo licenses advanced communication software to over 230 partners globally. This segment generates revenue through software licenses, maintenance support, and professional services, offering robust APIs and AI-driven features to enhance user experience.
Competitive Differentiators
Crexendo distinguishes itself in the competitive UCaaS and SaaS markets through:
- NetSapiens Platform: A highly scalable and feature-rich communication platform supporting over five million global users. The platform offers unmatched flexibility, enabling partners to deploy solutions in minutes.
- AI-Driven Innovations: Recent updates, such as the AI-powered Video Studio and Speech-to-Text Transcription, demonstrate Crexendo’s commitment to integrating cutting-edge technology into its offerings.
- Cost Efficiency: Crexendo’s solutions are typically 20-60% more affordable than traditional telecom services, delivering significant cost savings to clients.
- Global Reach: With data centers in the US, UK, Netherlands, and Australia, Crexendo ensures low latency and high reliability for customers worldwide.
- Security and Compliance: Crexendo adheres to the highest security standards, including PCI compliance, ensuring robust data protection for its clients.
Industry Significance
Crexendo is a recognized leader in the UCaaS industry, with Frost & Sullivan naming its NetSapiens platform the fastest-growing UCaaS platform in North America. The company’s strategic partnerships, such as its collaboration with Oracle Cloud Infrastructure, further enhance its competitive edge by improving performance and reliability. Crexendo’s solutions empower businesses to transition from legacy systems to modern, cloud-based communication platforms, driving digital transformation across industries.
Commitment to Innovation
Crexendo’s focus on research and development is evident in its continuous platform enhancements. The introduction of AI-driven features, such as sentiment analysis and automated meeting transcriptions, positions the company as a forward-thinking provider in the evolving communications landscape. Its open API ecosystem enables partners to develop custom applications, fostering innovation and expanding use cases.
Customer-Centric Approach
Crexendo prioritizes customer satisfaction through its reliable, scalable, and customizable solutions. Its managed IT services and robust support infrastructure ensure seamless integration and operation, making it a preferred choice for businesses seeking comprehensive communication solutions.
Conclusion
Crexendo Inc. is a transformative force in the cloud communications industry, offering innovative, cost-effective, and scalable solutions that cater to the diverse needs of its global customer base. With its focus on AI, security, and customer experience, Crexendo is well-positioned to continue driving growth and innovation in the UCaaS and SaaS markets.
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.
Crexendo, Inc. (NASDAQ:CXDO) has announced the successful conclusion of the 11th annual NetSapiens User Group Meeting (UGM), which took place from October 19th to 22nd at the Coronado Marriott Resort & Spa. The event saw record attendance and focused on training and collaboration within the NetSapiens community. Crexendo's cloud-native communications platform now supports over two million end users globally and was highlighted as the fastest-growing UCaaS platform in the U.S. by Frost & Sullivan. Key executives expressed enthusiasm about the community engagement and future growth.
Crexendo, Inc. (CXDO) announced the release of version 42 of its NetSapiens SNAPsolution, a leading cloud communications platform. The update introduces features such as Enhanced 911 Integrations, Call Center improvements, and support for Ubuntu 20 and Apple SSO. The platform has been recognized as the fastest-growing UCaaS provider in North America, supporting over 2 million end users. Executives express optimism about continued enhancements to increase shareholder value. This release aligns with the company's commitment to meeting market needs.
Crexendo (CXDO) announced its participation at the LD Micro Main Event Conference scheduled for October 12 from 4:00 to 4:30 PM PST. Presentations will be given by Doug Gaylor and Ron Vincent, alongside 1x1 investor meetings on October 12 and 13. The event will feature around 150 companies and keynotes from October 12 to 14 at the Luxe Sunset Bel-Air in Los Angeles. Crexendo is recognized as the fastest growing UCaaS platform in the U.S., supporting over 2 million end users globally.
Crexendo, Inc. (NASDAQ:CXDO) announced the addition of iTelecom as a Master Agent to enhance its VIP platform, a comprehensive cloud business communications solution. This platform offers video collaboration, interactions, and business phone services with a 100% uptime guarantee and has been recognized as the 2021 Communications Solution Product of the Year by TMC. Crexendo's solutions support over 2 million end users globally and it has been acknowledged as the fastest growing UCaaS platform in the U.S. The partnership aims to expand the reach of the VIP platform into new organizations.
Crexendo, Inc. (NASDAQ:CXDO) announced that its communication solutions now support over two million end users globally. The company highlighted the growth of its NetSapiens division, recognized as the fastest growing UCaaS provider in North America. CEO Steven G. Mihaylo emphasized this milestone reflects the platform's acceptance and the team's dedication, with ongoing investments aimed at enhancing customer experience. Crexendo aims to deliver a competitive edge with its VIP platform, offering comprehensive cloud communication services.
FAQ
What is the current stock price of Crexendo (CXDO)?
What is the market cap of Crexendo (CXDO)?
What does Crexendo Inc. specialize in?
What is the NetSapiens platform?
How does Crexendo generate revenue?
What industries does Crexendo serve?
What are Crexendo’s competitive advantages?
Is Crexendo PCI compliant?
Where does Crexendo operate?
How does Crexendo integrate AI into its solutions?
What is Crexendo’s approach to customer support?
What makes Crexendo’s solutions cost-effective?
