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.
Overview of Crexendo Inc
Crexendo Inc (CXDO) is a comprehensive cloud communications and unified communications as a service (UCaaS) provider dedicated to delivering secure, cost-effective telecom solutions worldwide. Specializing in cloud telecommunications and innovative software solutions, the company empowers small to mid-sized enterprises through state-of-the-art cloud telephone systems, advanced call center functionalities, comprehensive reporting and unified communication tools. Leveraging industry-leading security and reliability standards, Crexendo ensures that every facet of its service, from data center redundancy to PCI compliance and regulatory adherence as a CLEC in North America, meets the highest quality benchmarks.
Core Business Areas and Unique Value Proposition
At its core, Crexendo operates through two major segments:
- Cloud Telecommunications: This segment provides a full spectrum of communication hardware, software and unified communication services that enable businesses to utilize IP or cloud technologies over high-speed internet. Designed to replace traditional TDM systems, these offerings deliver significant cost savings—typically between 20% and 60%—and improved operational efficiency.
- Software Solutions: This area focuses on licensing, maintenance support, and professional services including advanced UCaaS features. With a subscription model that guarantees dynamic support and continuous innovation, the software division reinforces the company’s commitment to scalable, reliable and transformative communication solutions.
As a company deeply rooted in innovation, Crexendo emphasizes robust security practices. From a world-class data center with multiple redundancy layers to partnerships with top technology providers like Oracle Cloud Infrastructure, the company showcases its commitment to a secure, global framework that underpins its cloud services.
Industry Leadership and Technological Innovation
Crexendo’s solutions integrate advanced features such as AI-powered analytics and smart call transcription, enabling service providers and end users to quickly adapt to the evolving digital landscape. The company has been recognized for its NetSapiens platform, which supports millions of global end users through an extensive network of partners. Its agile, flexible offerings not only simplify communications for businesses but also drive substantial improvements in productivity and overall cost-efficiency. The platform's design incorporates innovative APIs and AI functionalities to ensure a dynamic meeting of technological needs and market demands.
Competitive Position and Market Relevance
In an industry where legacy telecom infrastructures are being rapidly replaced by cloud-based solutions, Crexendo stands apart by focusing on reliability, security and robust customer support. The company’s competitive advantages include:
- Cost Efficiency: Businesses benefit from significantly reduced telecom expenses without sacrificing performance or security.
- Scalability: Whether deployed as a fully hosted service or integrated into a partner’s private cloud, Crexendo’s solutions are designed to scale seamlessly with growing business demands.
- Innovation and Flexibility: With a focus on continuous improvement and integration of AI-powered tools, Crexendo remains agile in an industry characterized by rapid technological shifts.
The company’s neutral yet thorough approach to technology and performance positions it as an informative resource for investors seeking clarity on the cloud communications sector. Crexendo’s unwavering commitment to security and operational excellence—illustrated by its PCI compliance and multiple data redundancies—affirms its authority and trustworthiness in the competitive landscape of UCaaS providers.
Key Offerings and Operational Excellence
Crexendo offers a diversified portfolio which includes:
- Advanced cloud telephone systems
- Unified communications solutions that integrate voice, video and collaboration tools
- Highly secure call center and reporting capabilities
- Scalable software platforms capable of supporting millions of global end users
Every solution is engineered to deliver enhanced productivity and significant cost savings while meeting the demanding security standards of modern businesses. The company’s integration with high-performance cloud infrastructures further solidifies its market significance, ensuring that its clients experience optimal performance and reliability at all times.
Conclusion
In summary, Crexendo Inc is not merely a telecom services provider—it is a technology partner committed to transforming business communications. By blending innovative software solutions with robust cloud telecommunications services, Crexendo empowers businesses to streamline operations, reduce costs and stay ahead in a dynamic digital environment. Its focus on security, scalability and technological innovation delivers a compelling narrative that stands as a benchmark for excellence in the cloud communications industry.
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.
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