The following is a summary of the Spok Holdings, Inc. (SPOK) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Spok saw a more than 5% year-on-year growth in its total revenues, driven by a more than 15% increase in software revenues.

• The company achieved net income of $4.2 million or $0.21 per diluted share, up from $3.1 million or $0.15 per diluted share the previous year.

• Spok reported total GAAP revenue of $34.9 million, with software revenue rising by 15.3% to $16.3 million.

• Record software operations bookings were reported, with a 39% year-over-year increase.

Business Progress:

• All categories of software revenue - maintenance, license, professional services, and hardware - saw year-over-year growth.

• Improved wireless trends were observed, with net unit churn dropping below 2% quarter-on-quarter.

• The company continued to invest in product research and development to drive long-term growth, with a year-over-year increase of 18.4% in its first quarter.

• Spok successfully showcased its clinical communication platform at the HIMSS24 conference, receiving the number one ranking from Black Book Market Research for the seventh consecutive year.

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