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.
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) has announced a partnership with Jenne Cloud Services Brokerage to enhance its VIP Business Communications Platform. This all-in-one cloud solution supports video collaboration, business phone communications, and advanced customer experience capabilities, catering to businesses of all sizes. The VIP platform has been recognized with the TMC 2022 Communications Solutions Products of the Year Award and boasts a 100% uptime guarantee, ensuring reliable service. With over three million end users globally, Crexendo is positioned as a leading UCaaS provider, ranking #1 for VoIP Providers on G2.com with a customer satisfaction rating of 4.9 out of 5. This collaboration aims to leverage Jenne's extensive distribution capabilities to promote Crexendo's award-winning solutions.
Crexendo, Inc. (NASDAQ:CXDO) will present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 11:30 AM PST. The presentation will be hosted by Doug Gaylor, President and COO, and CFO Ron Vincent. Investors can access the live webcast here.
1x1 investor meetings can be booked at the conference in Las Vegas. Interested participants can register for Planet MicroCap Showcase here. Crexendo provides cloud communication, video collaboration, and managed IT services, supporting over three million users globally.
FAQ
What is the current stock price of CREXENDO (CXDO)?
What is the market cap of CREXENDO (CXDO)?
What services does Crexendo Inc. provide?
How does Crexendo ensure the reliability and security of its services?
What recent achievements has Crexendo accomplished?
What are Crexendo's financial highlights?
How many end users does Crexendo's platform currently support?
What are Crexendo's core business segments?
How does Crexendo help reduce telecom expenses for businesses?
What recognition has Crexendo received from G2?
What is the significance of Crexendo's partnership with Oracle Cloud Infrastructure?
Where can I find more information about Crexendo's products and services?
