Ooma rises on Q2 results beat as subscription, services revenue jumps

Ooma

03/09/2021 14:31

** Shares in communications platform for small businesses
and consumers  OOMA.N  rise ~8% to $21.3 
    ** Co among top pct. gainers on the NYSE premarket
    ** OOMA reports Q2 adj. net income per share of 13 cents,
above est. of 9 cents per share - Refinitiv IBES data
    ** Total rev. rose 14% y/y to $47.1 mln, also topping est.
of $46.4 mln  urn:newsml:reuters.com:*:nBw7QrmWwa
    ** Subscription and services revenue accounted for 93% of
total revenue, rising nearly 13% to $43.5 mln from a year
earlier
    ** Co sees Q3 adj. net income per share between 8 cents and
11 cents, compared with est. of 9 cents per share 
    ** Expects Q3 total revenue between $47.8 mln and $48.5 mln
    ** Up to Thursday's close, OOMA up 37% YTD

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))