Alteva's unified communications revenues rise 21 percent to $3.9M
Alteva (NYSEMKT:ALTV), a competitive unified-communications-as-a-service (UCaaS) provider, continued to find that its emphasis on cloud-based services was a highlight of their Q2 earnings as unified communications revenues jumped 21 percent year-over-year to $3.9 million.
UC contributed 53 percent of its second quarter consolidated revenues, up from 47 percent in the same period a year ago.
A big factor of Q2 UC growth was an uptick in subscribers. During the quarter, hosted platform subscribers rose 15 percent year-over-year to 38,440 users.
However, traditional telephone service revenues declined year-over-year to $3.5 million from $3.6 million. Overall, the telephone segment contributed about 47 percent of revenues, down from 53 percent in Q2 2012 and 49 percent in Q1 2013.
Similar to other traditional telcos, Alteva attributes the decline in telephone services revenues to access line losses. The service provider added that access line losses "were partially offset by an increase in access lines rates and modest growth in broadband Internet services revenues."
Shares of Alteva were listed at $8.04, down 22 cents, or 2.69 percent in late Tuesday morning trading on the New York Stock Exchange.
- see the release
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