Business News Holding

Tag: financial-report

  • Speedflow releases MediaCore 4.5

    Speedflow releases MediaCore 4.5

    mediacore_ver4-5

    Speedflow has just released a new version of its MediaCore Class 4 Solution. Available starting today, MediaCore v. 4.5 is said to work faster and be “more flexible than ever.” Having implemented a new calculating algorithm, the developers claim to have ensured that financial summary report is generated significantly faster. Users can now review the most important statistical information in a quick and convenient format.

    Other important updates and new features in the new release include:

    – New dynamic routing algorithm with profit control
    – Brand-new financial report with an interactive map
    – Updated spam-calls algorithm on termination point
    – DLR (delivery report) in the SMS Solution
    – Optimized responsive interface

    The new release also includes a whole range of minor optimisations.

    The update is free of charge for all existing MediaCore customers.

    You can find more details on the new version of MediaCore on the company’s website.

    Also check out: Speedflow’s COMPANY PROFILE

  • Vonage Confident of Growth Despite Subscriber Loss


    VoIP provider Vonage had a revenue increase of 9 per cent to USD $900 million in 2008.

    However, reporting on its fourth-quarter and full-year 2008 earnings report, the company said it had lost a net of 14,700 subscribers in Q4.

    Net loss excluding debt extinguishment costs narrowed to USD $34 million from USD $93 million excluding certain charges.

    GAAP net loss was USD $65 million or $0.41 per share in 2008.

    Marc Lefar, Vonage’s CEO, said the company had improved its financial position throughout 2008 – to the extent that it delivered adjusted operating profit and positive cash from operations for a full year for the first time.

    Noting the loss of subscribers, he was optimistic about Vonage’s business model, which he said was solid and the market opportunity for digital voice remains robust.

    "While our financial performance was sound, we fell short in our ability to substantially grow our subscriber base," he said.

    "However, we are confident Vonage has significant opportunities to create future value for shareholders."

    Lefar said a range of initiatives were being lined up for launch, including:

    • improving the customer experience
    • enhancing distribution and marketing
    • improving quality and reliability
    • initiating new products and features
    • optimizing our cost structure
    • improving talent management

    Lefar said he was confident these will drive Vonage forward as a business model poised to achieve significant new growth.