Reports Q3 revenue $17.5M, consensus $17.02M. “Crexendo (CXDO) delivered another outstanding quarter, highlighted by 12% year over year revenue growth, strong profitability with $1.5 million in GAAP net income, and $3.0 million in non-GAAP net income”. said Jeff Korn, Crexendo Chief Executive Officer and Chairman of the Board. “Our 28% growth in software solutions underscores the strength of our platform and the increasing value we provide to customers and partners. I am also very encouraged with the 8% increase in service revenue, which I have great confidence will continue to grow. With strong margins, robust cash generation, and continued innovation, we are executing exceptionally well on our profitable growth strategy.”
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