PGI Sees Big Growth from UC in Q2

Channel-friendly collaboration provider Premiere Global Services Inc. saw net revenue that totaled $144.3 million in the second quarter of 2015, powered by the growth of its unified communications and collaboration (UC&C) portfolio.

UC&C revenue grew 72 percent, totaling $20.7 million in the Q2, compared to $12 million in the year—ago quarter.

“We are thrilled to report another quarter of record performance, as we further accelerated the transition of our business to a SaaS model, while continuing to drive meaningful increases in our profitability,” said Boland Jones, PGi founder, chairman and CEO. “It is clear to us that our strategy is working, with record incremental annual contract value (ACV) bookings of over $7 million sold in the second quarter and our highest gross margin percent in over five years. With sales pipelines at a record high and continuing overall momentum in our global business, we remain optimistic in our outlook for the remainder of the year.”

In the first six months of 2015, net revenue totaled $286.6 million, including an estimated negative impact of $11 million from year-over-year changes in foreign currency exchange rates.

PGi is anticipating full-year revenue to come in within the range of $568-$575 million, it said—and that its UC&C SaaS revenue will increase over 50 percent in 2015 compared to 2014.