VG - VG STOCK NEWS

Vonage Holdings Corp (NYSE: VG), a leader in cloud communications, announced upcoming presentations at several investor conferences:

• Needham Technology & Media Conference: May 17 at 3:45 PM ET
• Morgan Stanley: Life After Covid Conference: May 20 at 10:30 AM ET
• J.P. Morgan Global Technology Conference: May 24, One-on-one format
• William Blair Growth Stock Conference: June 1 at 1:00 PM ET
• Robert W. Baird Global Consumer Conference: June 9 at 8:30 AM ET
• Northland Customer Experience Conference: June 16 at 10:30 AM ET

A live webcast will be available on the Vonage Investor Relations site.

On May 10, 2021, Vonage (Nasdaq: VG) was recognized as a Leader in the IDC MarketScape: Worldwide Communications Platform as a Service 2021 Vendor Assessment. This marks the second consecutive time Vonage has achieved this distinction, underscoring its strength in providing cloud communications solutions tailored for digital transformation. The report emphasizes Vonage's comprehensive and innovative Communications Platform, which integrates API services across various verticals, enhancing customer engagement and operational efficiency.

Vonage Holdings Corp. (Nasdaq: VG) reported consolidated revenues of $333 million for Q1 2021, up from $297 million year-over-year. The Vonage Communications Platform (VCP) revenues reached $255 million, with a significant 23% increase in service revenues. API revenues grew 47%, driven by a 112% increase in high-value APIs. The net loss was $376 thousand, and adjusted EBITDA was $48 million. Looking ahead, the company forecasts VCP revenues of $1.062 billion to $1.071 billion for 2021.

Vonage (Nasdaq: VG) has unveiled a redesigned Channel Partner Program and a new Partner Experience Portal aimed at enhancing its channel partners' growth potential. Launched as part of the Vonage Accelerate initiative, these tools empower partners to deliver better customer outcomes and drive revenue. The revamped program features a tiered structure, providing increased support and incentives for partners at different levels. Enhanced self-service capabilities in the portal intend to streamline operations and improve partner engagement. This initiative underscores Vonage's commitment to strengthening its partner relationships.

Vonage Holdings Corp. (Nasdaq: VG) will announce its Q1 2021 financial results on May 6, 2021, before market open. Investors can access the earnings release on Vonage's Investor Relations website. The company will hold a conference call at 8:30 AM ET to discuss the results, accessible via phone or a live webcast. Vonage is recognized for its programmable cloud communications platform, which enhances digital transformation for businesses.

Vonage (Nasdaq: VG) has announced enhancements to its Business Communications (VBC) integration with Microsoft Teams, aimed at bolstering digital transformation for global businesses. The upgraded platform now features over 50 enterprise-grade calling capabilities, SMS, MMS, and seamless integrations with major CRM systems. This allows companies to retain existing numbers and devices while enhancing collaboration through a unified communications solution directly within Teams. These enhancements are expected to increase productivity and support businesses in adapting to remote work environments.

Vonage (Nasdaq: VG) has been recognized in the 2021 Gartner Voice of the Customer (VOC) report for Unified Communications as a Service (UCaaS), based on user reviews. The company received a Customers' Choice distinction for North America, achieving an average rating of 4.6/5.0 from 32 reviews. With a 94% Willingness to Recommend score, Vonage ranked high in Product Capability at 4.7/5.0. High scores were also noted in Evaluation and Contracting, Integration and Deployment, and Service and Support, enhancing its reputation in the cloud communications market.

Vonage Holdings Corp (Nasdaq: VG) has announced its annual meeting of stockholders scheduled for June 3, 2021, at 10:00 AM ET. Shareholders as of April 8, 2021, can attend the virtual meeting, where they will have voting rights and can submit questions electronically. Non-shareholders may join the meeting but will not be allowed to vote. The meeting will be accessible via Vonage's Investor Relations website.

Vonage (Nasdaq: VG) has introduced new Visual Engagement, AI, and omnichannel features for its Vonage Contact Center (VCC) solution, enhancing customer interactions through embedded video chat, screen sharing, and real-time analytics. With 140% growth in video communication preference, the integration allows for seamless video call escalation and improved response times. Key features include webchat routing, external messaging channels, a virtual assistant for self-service, and comprehensive analytics for agents. These advancements aim to personalize customer experiences and improve service efficiency.