Crexendo, Inc. (CXDO) Q3 2024 Earnings Call Transcript Summary
Crexendo, Inc. (CXDO) Q3 2024 Earnings Call Transcript Summary
Software solutions revenue grew 25%, contributing significantly to the overall financial metrics.The following is a summary of the Crexendo, Inc. (CXDO) Q3 2024 Earnings Call Transcript:
以下是Crexendo, Inc. (CXDO) 2024年第三季度業績會成績單摘要:
Financial Performance:
財務表現:
Crexendo reported consolidated revenue growth of 13% year-over-year with total revenue reaching $15.6 million.
GAAP profitability was recorded at $1.2 million, and non-GAAP net income stood at $5.7 million for the nine months ended September 30, 2024, marking the fifth consecutive quarter of GAAP profitability.
Software solutions revenue grew 25%, contributing significantly to the overall financial metrics.
Crexendo報告，綜合收入同比增長13%，總收入達到1560萬美元。
根據財務會計準則 (GAAP)，利潤爲120萬美元，非財務會計準則（非GAAP）的淨利潤截至2024年9月30日的九個月達到570萬美元，標誌着連續第五個季度實現GAAP盈利。
軟件解決方案收入增長25%，對整體財務指標產生了重大貢獻。
Business Progress:
業務進展:
Crexendo highlighted substantial investments in Oracle Cloud Infrastructure (OCI), which provides a strong competitive advantage, especially in Europe where significant growth is anticipated.
The company is set to close its six data centers following the migration to OCI, leading to cost savings and operational efficiency improvements.
A new advanced accounting system is being implemented to optimize financial operations and support agile, data-driven business decisions.
Crexendo強調對Oracle雲基礎建設(OCI)的大量投資，尤其是在歐洲，預計會帶來巨大增長，從而在競爭中具有強大優勢。
公司計劃在遷移至OCI後關閉六個數據中心，實現成本節約和運營效率提升。
正在實施一種新的高級會計系統，以優化財務業務，並支持敏捷、數據驅動的業務決策。
Opportunities:
機會：
With investments in major cloud infrastructure and an ongoing shift towards cutting-edge software platforms, Crexendo is poised to tap into growing market demands effectively.
The company's strategic focus on telecommunications software allows it to excel in a niche market, amidst widespread instability among competitors like Cisco and Microsoft.
Crexendo's international expansion, particularly in regions like Europe and Africa, leverages underpenetrated markets, promising substantial revenue growth.
通過對主要雲基礎建設和不斷轉向尖端軟件平台的投資，crexendo正處於有利位置，可以有效地滿足不斷增長的市場需求。
公司戰略性專注於電信軟件，使其能夠在一個利基市場中脫穎而出，尤其是在思科（Cisco）和微軟（Microsoft）等競爭對手普遍不穩定的情況下。
crexendo的國際擴張，特別是在歐洲和非洲等地區，利用了未深入滲透的市場，預示着可觀的營業收入增長。
Risks:
風險：
The company notes potential challenges in maintaining GAAP profitability as it aims for new acquisitions, primarily due to associated intangible costs that may need to be written down.
公司指出在力爭新收購的過程中，保持符合美國通用會計準則（GAAP）的盈利能帶來潛在挑戰，主要原因是可能需要計提與無形成本相關的減值損失。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
