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 (NASDAQ:CXDO) has announced its upcoming third quarter 2024 financial results conference call, scheduled for November 6, 2024, at 4:30 PM ET. The call will feature prepared remarks from key executives, including Jeff Korn (CEO), Doug Gaylor (President and COO), and Ron Vincent (CFO), followed by a Q&A session.
Participants can join the call using the following dial-in numbers:
- Domestic: 888-506-0062
- International: 973-528-0011
Crexendo (NASDAQ:CXDO) has announced SNOM as the official event sponsor for the upcoming NetSapiens Platform User Group Meeting (UGM) 2024, scheduled from October 21st to 24th in Nashville, TN. The annual event gathers service providers, partners, and vendors who use the NetSapiens platform for UCaaS and AI-driven cloud communications solutions.
The NetSapiens Platform, supporting over 5 million end users, was recently recognized as the fastest growing UCaaS platform in North America by Frost & Sullivan. Crexendo currently supports 11 SNOM devices and plans to expand support for additional models in the next platform release.
As the event sponsor, SNOM will showcase their latest VoIP innovations and demonstrate integration with the NetSapiens platform. This collaboration aims to provide attendees with insights into how top-tier hardware solutions support advanced unified communications environments.
Crexendo, a leading software technology company, has partnered with Symbio, a subsidiary of Aussie Broadband Group, to launch AdvancedPBX, a cloud-based communications solution. This innovative offering is built on Crexendo's NetSapiens platform, which has recently surpassed 5 million global users and is the third largest and fastest-growing software platform in North America.
AdvancedPBX will deliver advanced features including contact center capabilities and AI-driven smart call transcription. The solution can be provisioned through Telcoinabox's systems in just 5 minutes, streamlining deployment and management. This partnership showcases Crexendo's 'telco in a box' vision and empowers international service providers to scale advanced communication services rapidly.
Crexendo's AI-powered cloud communications platform has been recognized for outstanding usability and superior customer satisfaction in G2's Fall 2024 Reports. The platform ranked #1 for Ease of Use for the seventh consecutive quarter, with top rankings in various product features. Crexendo retained the Best Relationships award and was honored as a top trending provider in G2's Momentum Grid Reports.
The company maintained its 4.9 out of 5-Stars rating for ten consecutive quarters. Jeff Korn, Crexendo CEO, emphasized the company's focus on innovation, platform usability, and customer experience. He highlighted new innovations like Generative AI in Crexendo's VIP CX cloud contact center platform and VIP Voice AI Studio offering. Crexendo serves over 5 million end users globally and is recognized as the fastest-growing platform in the U.S.
Crexendo (NASDAQ:CXDO) announced record-breaking participation for its upcoming NetSapiens Platform User Group Meeting (UGM) in Nashville, TN from October 21-24. The event has sold out all sponsorships and attracted the highest number of sponsors, partners, and attendees in its history. This milestone follows Crexendo's NetSapiens platform surpassing five million end users, highlighting its expanding global reach.
The UGM will bring together top service providers, partners, and vendors to showcase the latest applications and innovations, many driven by AI. It will offer exclusive sessions, partner showcases, and insights from industry veterans. Jeff Korn, CEO and Chairman of Crexendo, emphasized the event's significance in demonstrating the strength of Crexendo's NetSapiens community and the demand for their innovative solutions.
Crexendo's NetSapiens platform has been recognized by Frost & Sullivan as the fastest growing UCaaS platform in North America. The platform provides service providers with scalability and flexibility without charging per-seat fees, enabling growth at twice the industry average.
Crexendo (NASDAQ:CXDO) has expanded its global reach by opening new data centers in Sydney and Melbourne, Australia. This expansion supports Crexendo's NetSapiens Platform Partners in the region and builds on the company's recent partnership with Oracle Cloud Infrastructure (OCI) announced in May 2024. The new data centers join existing facilities in the US, UK, and the Netherlands, enhancing Crexendo's ability to deliver high-performance cloud communication solutions worldwide.
The strategic move aims to provide localized hosting for improved access and reduced latency in the Asia-Pacific region. CEO Jeff Korn emphasized the company's commitment to offering best-in-class services with enhanced performance and reliability. SVP of International Markets Scott Goodwin highlighted the significance of this expansion in meeting growing regional demand and supporting Crexendo's global strategy.
Crexendo, a leading provider of cloud communication platform software and UCaaS solutions, has announced its participation in several upcoming investor conferences. The company plans to discuss its recent achievements, including:
- Reaching 5 million users
- Maintaining a streak of GAAP profitable quarters
- Offering top-rated customer service
- Developing award-winning disruptive technology
The conferences Crexendo will attend include the H.C. Wainwright Global Investment Conference, Lake Street BIG8 Conference, LD Micro Main Event, Craig-Hallum Alpha Select Conference, and Needham Virtual Infrastructure Conference. These events span from September to November 2024, providing multiple opportunities for investors to engage with Crexendo representatives.
Crexendo (Nasdaq:CXDO), a leading software technology company, has surpassed 5 million global users for its cloud communication platform. According to Frost & Sullivan, Crexendo's platform is now the third largest and fastest-growing software platform in North America, growing at nearly twice the rate of its two largest competitors. The company licenses its software to over 230 Partners and supports more than 400 applications through its API capabilities, including AI-powered solutions.
CEO Jeff Korn emphasized Crexendo's commitment to providing cutting-edge technology and exceptional service in UCaaS, CCaaS, and SaaS offerings. The company has doubled its end-user base in just over two years and expects this rapid growth to continue. Crexendo aims to empower businesses with advanced, scalable, and flexible communication solutions to drive productivity and growth in the evolving digital landscape.
Crexendo (NASDAQ: CXDO), a leading cloud communication provider, has achieved a significant milestone by doubling BCN's IP voice platform capacity.
This enhancement caters to the growing demand for BCN's cloud voice solutions, powered by Crexendo's award-winning NetSapiens platform.
BCN's expanded portfolio includes UCaaS, SIP trunking, and POTS Replacement solutions. Since their partnership began in 2020, Crexendo has supported BCN in transitioning from TDM to advanced IP-based services.
Julian Jacquez, BCN's President, praised Crexendo's customer-focused approach and reliability, while Crexendo's CEO, Jeff Korn, highlighted the transformative impact of this capacity boost on meeting market demands.
For more details, visit www.crexendo.com.
Crexendo (NASDAQ:CXDO) reported strong Q2 2024 results, with revenue up 16% year-over-year to $14.7 million. The company saw significant improvements across key financial metrics:
- Net income of $0.6 million, up 220% YoY
- Non-GAAP net income of $2.1 million, up 91% YoY
- EPS of $0.02 per share, up 200% YoY
- Non-GAAP EPS of $0.08 (basic) and $0.07 (diluted), up 100% and 75% YoY respectively
Software solutions revenue grew 35% to $5.3 million, while service revenue increased 10% to $8.1 million. The company's cash position strengthened to $13.6 million, up from $10.3 million at the end of 2023.
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