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Vonex revenue hits new record

Vonex has marked another quarter of sales growth with revenue rising 11.4% year-on-year to $2.35m for the quarter ended 30 June 2019 due to its success in penetrating the Australian market for telco services to small and medium enterprises.

This is also up from the revenue of $2.17m for the quarter ended 31 March 2019.

The company recently reported that it had reached a milestone of 30,000 active private automatic branch exchange, or “PABX”, a 25% increase in the last 12 months.

Vonex also delivered a 38% year-on-year growth in new customer sales value in the June quarter, up from the 20% growth in the March quarter.

Last month, the company formed a partnership with Qantas Business Rewards, or “QBR”, that will allow QBR’s 250,000 small and medium enterprise members to earn Qantas Points when they spend money on the company’s products and services from next month.

This is expected to provide valuable marketing support for the company over the next 24 months.

Vonex has also entered into the final stages of testing its “Oper8tor” communications app with the company finalising development and third-party application unit testing and load testing, to ensure that the app performs as expected at scale.

Oper8tor is designed to enable users of multiple communication platforms such as Skype and Whatsapp to communicate with each other in real-time, regardless of the platform used.

On launch, the app is expected to have features such as call blast, cross-platform social media messaging incorporating SMS, improved contact management and Oper8tor-to-Oper8tor message chat and voice calls.

Further development is expected to enable Oper8tor to link mobile phones, land-lines, and selected social media communication apps simultaneously into a single voice call.

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Vonex (VN8)

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