Thursday, May 10, 2007

Vonage loss narrows in first quarter

(Reuters) - Vonage said its net loss for the first quarter totaled $72 million, or 47 cents per share, compared with a loss of $85 million in the same quarter a year earlier.

Revenue rose 64 percent year-on-year to $196 million. But it said subscriber churn, or the rate of cancellations, rose to 2.4 percent from 2.3 percent in the previous quarter.


Read more at Reuters.com Market News

No comments: