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Vonage Holdings Corp. Reports First Quarter 2009 Results.

Publication: Telecommunications Weekly
Publication Date: 20-MAY-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Vonage Holdings Corp. Reports First Quarter 2009 Results.(Financial report)

Article Excerpt
Vonage Holdings Corp. (NYSE:VG), a leading provider of broadband telephone service, announced results for the first quarter ended March 31, 2009.

Vonage reported record high adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")(1) of $21 million, up from $8 million in the year ago quarter and $20 million sequentially. This is the sixth consecutive quarter of positive and increasing adjusted EBITDA resulting primarily from the Company's focus on effectively managing costs and selling, general and administrative ("SG&A") expenses.

Vonage reported positive income from operations of $5 million, up from a loss of $4 million the prior year and income of $3 million sequentially. Revenue of $224 million was flat year-over-year, and increased 1%...

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