Voiceserve's Strong Momentum Augurs Well for 2013 and Beyond
Voiceserve, a software platform provider focusing primarily on delivering affordable, complete, next-generation services to Internet telephony providers, is on a roll right now, and appears to be cementing its position at the top with major growth
in the second and third quarters of 2012.
The last three and six months of the current year, ending September 30, 2012, have been pretty buoyant compared to the same periods in 2011, as the company has reportedly increased its revenue by 23.1 and 20.3 percent for the respective periods.
Company officials attribute this increase to greater exposure of Voiceserve products and the status it has gained in the marketplace. These products have frequently been demonstrated at exhibitions and have obviously performed well enough to gain reputational success.
For the same three and six months ended September 30, 2012 and 2011, the cost of revenue has also increased by 36.6 and 18.2 percent, respectively. This is due to the fact that the number of clients that require servicing has increased.
Rises in gross margins indicated a similar trend and was an indication of how well the business was placed. In order to win certain business, the company did not have to discount a great deal, and it clearly paid off.
Higher stock-based compensation costs in the three and six months to September 30, 2012, in comparison to the same periods in September 2011and conscious cost savings measures, contributed to an increase in SG&A.
So according to officials, Voiceserve generally has it made with some pretty steady growth over the last half year, brought to focus by gains in all geographic regions and product categories. A continuously growing demand for its products, coupled with solid growth strategies, have only served to reinforce its strong current financial position and sustained expansion in 2013 and beyond.
"We enter the fourth quarter with strong momentum, especially in the U.S., where we are swiftly building a powerful distribution network for our expanding portfolio,' stated Alexander Ellinson president at Voiceserve, Inc.
Edited by Braden Becker
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