Brief: Bandwidth Announces Preliminary Third Quarter 2021 Revenue Results Exceeding Guidance And Estimated Full Year Revenue Impact Of DdoS Attack

Bandwidth

26/10/2021 23:54

Oct 26 (Reuters) - Bandwidth Inc  BAND.O :
    * BANDWIDTH ANNOUNCES PRELIMINARY THIRD QUARTER 2021 REVENUE
RESULTS EXCEEDING GUIDANCE AND ESTIMATED FULL YEAR REVENUE
IMPACT OF DDOS ATTACK
    * EXPECTS Q3 2021 CONSOLIDATED REVENUE TO BE APPROXIMATELY
$131
MILLION, OR 54% HIGHER THAN PRIOR YEAR PERIOD
    * EXPECTS Q3 2021 CPAAS REVENUE TO BE APPROXIMATELY $107.4
MILLION, OR 46% HIGHER THAN PRIOR YEAR PERIOD
    * ESTIMATES THAT IMPACT OF DDOS ATTACK MAY REDUCE CPAAS
REVENUE
FOR FULL YEAR 2021 BY AN AMOUNT BETWEEN $9 MILLION AND $12
MILLION
    * BANDWIDTH WILL ADJUST ITS FULL YEAR 2021 FINANCIAL OUTLOOK
COMMENSURATE WITH ITS REDUCED REVENUE EXPECTATIONS

Source text for Eikon:  ID:nPn4zhDm4a 
Further company coverage:  BAND.O 

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