Crexendo Inc. ( (CXDO) ) has released its Q2 earnings. Here is a breakdown of the information Crexendo Inc. presented to its investors.
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Crexendo, Inc. is an award-winning software technology company specializing in cloud communication platforms, video collaboration, and managed IT services for businesses of all sizes. The company recently announced its financial results for the second quarter of 2025, showcasing strong growth and profitability. Crexendo reported a 13% year-over-year increase in total revenue, reaching $16.6 million. The company’s net income also saw significant growth, with GAAP net income reaching $1.2 million and non-GAAP net income at $2.9 million. The software solutions segment was a standout performer, with a 31% increase in revenue, highlighting the company’s strategic focus on this area. Despite a slight decrease in product revenue, Crexendo’s overall financial health remains robust, supported by a strong cash position of $23.5 million. Looking ahead, Crexendo’s management remains optimistic about the company’s growth trajectory, emphasizing strategic priorities such as expanding its Oracle Cloud Infrastructure presence and exploring strategic acquisitions to enhance shareholder value.