Vonex picks up more cloud PABX users
ASX-listed Vonex continues to build its core business with the telco now counting more than 28,000 registered PABX telephony customers on its ledger.
This growth from 27,500 PABX users in March, is due to a targeted nationwide marketing program and constructive engagement with its network of channel partners.
PABX registrations are a key indicator of the company’s business development progress as it penetrates the multi-billion Australian market for telco services to small and medium enterprises.
The company’s marketing program and channel partners have also driven an increase in new customer orders with March quarterly order growth of 20% year-on-year.
Vonex said it expects to continue growing its PABX userbase by targeting the ongoing NBN rollout in Australian capital cities.
This is expected to return further sustained website traffic growth and yield new customer leads online and through channel partners across the country.
The company said that it had added 63 new channel partners in the current financial year, putting it on track to add 100 partners by the end of the June quarter.
It had also updated its PABX software to provide a more user-friendly interface, automation for a wider range of hardware vendors, stronger security and seamless integration with customer relationship management systems.
“We anticipate this will continue to translate into meaningful revenue growth as we execute on our strategy and strengthen our position in the market for telco software and services.”
The company is gearing up to launch its Oper8tor app this quarter, which is designed to enable users of multiple voice communication platforms such as Skype or Whatsapp to communicate in real time, regardless of the platform used.
This will, in turn, enable a commercial launch in Europe in early FY2020.
Closing price for the last 90 trading days
Powered by Morningstar ®