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Premiere Global Services expects Q2 non-GAAP revenue to be $144 to $145 million

Staff writer ▼ | July 14, 2015
Premiere Global Services announced preliminary results for the second quarter ended June 30, 2015. Based upon its preliminary financial results, Q2 non-GAAP revenue is expected to be $144 to $145 million and non-GAAP diluted EPS from continuing operations is expected to be $0.26 to $0.27.
Premiere Global Services
Premiere Global Services   EPS from continuing operations is expected to be $0.26 to $0.27
Unified communications and collaboration (UC&C) SaaS revenue is expected to be in the range of $20.5 to $21 million in the second quarter, up greater than 70% year-over-year and representing more than 14% of total non-GAAP revenue for the second quarter. These financial results are subject to completion of PGi's financial and accounting closing and review procedures.

"PGi's number one strategic priority is to transition our current base of audio conferencing customers to our award-winning UC&C SaaS products, while we continue working diligently to acquire new customers," said Boland T. Jones, PGi founder, chairman and CEO.

"We are thrilled to pre-announce another solid quarter of performance, led by our highest sales of our UC&C SaaS products ever.

"With record incremental annual contract value (ACV) bookings sold—exceeding $7 million in the quarter—and sales pipelines at record highs, we remain optimistic in our outlook for the remainder of 2015, and we look forward to recapping this success in our second quarter earnings call later this month."