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Sangoma Technologies Corp - SANG STOCK NEWS

Welcome to our dedicated page for Sangoma Technologies news (Ticker: SANG), a resource for investors and traders seeking the latest updates and insights on Sangoma Technologies stock.

Sangoma Technologies Corp (SANG) delivers enterprise-grade VoIP systems and unified communications solutions for global markets. This news hub provides investors and industry professionals with timely updates on corporate developments shaping the telecommunications sector.

Track official press releases, financial disclosures, and strategic announcements through our verified repository. Key coverage areas include product innovations, partnership agreements, financial performance, and market expansion initiatives. All content is sourced directly from company filings and authorized communications.

Bookmark this page for streamlined access to SANG's evolving position in cloud communications and legacy system integration. Regular updates ensure stakeholders maintain current awareness of operational milestones and industry leadership in VoIP technologies.

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Sangoma Technologies Corporation announced its fourth quarter financial results and audited consolidated financial statements for the fiscal year ended June 30, 2023. Revenue for Q4 FY2023 was $63.68 million, a decrease of 4% from the prior year. Annual revenue for FY2023 was $252.53 million, a 13% increase over the prior fiscal year. Adjusted EBITDA for the quarter was $10.86 million, representing about 17% of revenue. Net loss for the quarter was $23.63 million, and for the year was $29.03 million, affected by a one-time non-cash goodwill impairment charge of $22.51 million. Operating expenses for the fiscal year were $175.74 million, up by about 8% from last year. The Company will be suspending the issuance of forward-looking earnings guidance for fiscal 2024.
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Sangoma Technologies expects to release Q4 and FY 2023 results on September 27, 2023, and will host a conference call to discuss the results.
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Sangoma appoints Jeremy Wubs as COO, highlighting focus on revenue growth and operational efficiency.
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Sangoma Technologies Corporation (Nasdaq: SANG) announced the launch of Sangoma Suite, an all-in-one communications solution aimed at modern businesses.Sangoma Suite combines unified communications as a service (UCaaS), collaboration tools, video meetings, contact center, SD-WAN, and cloud security into a single package, enhancing productivity while reducing vendor complexity.

Available now, this solution offers businesses the benefits of cost savings through bundled services, proven interoperability, and comprehensive expert support. Sangoma's Chief Product and Marketing Officer, Jim Machi, emphasized that this suite is designed to simplify communications and provide reliability.

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Sangoma Technologies Corporation (SANG) announced enhancements to its cloud-based Contact Center platform, Sangoma CX, including new omnichannel webchat support. These features aim to improve customer interactions by allowing agents to seamlessly switch between calls and webchats, thereby enhancing productivity and reducing wait times. Additionally, updated reporting tools will help organizations track webchat performance and improve customer satisfaction. The updates reflect Sangoma's commitment to providing comprehensive communication solutions that facilitate better customer experiences and loyalty.

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Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) announced a strategic partnership with AVANT, enhancing its market reach in cloud-based Communications as a Service (CaaS). This partnership allows AVANT's Trusted Advisors to access Sangoma's comprehensive suite of cloud-native business communications solutions, including Unified Communication as a Service (UCaaS), contact center services, and managed SD-WAN. Sangoma aims to leverage this alliance to boost its offerings in the rapidly evolving technology services distribution sector. The collaboration is expected to empower businesses to transform their communication strategies.

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Sangoma Technologies Corporation (SANG), recognized for the eighth consecutive year in Gartner's 2022 Magic Quadrant for Unified Communications as a Service (UCaaS), continues to solidify its position among industry leaders. The report identifies Sangoma as one of only 13 companies globally recognized in this category. Chief Marketing Officer Jim Machi expressed pride in the company’s vision and execution, highlighting their comprehensive cloud communication services portfolio that goes beyond UCaaS to include CCaaS, video meetings, and collaboration tools.

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Sangoma Technologies Corp

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