Crexendo (NASDAQ:CXDO) President and Chief Operating Officer Doug Gaylor told investors at an LD Micro presentation that the cloud communications company is on track for sharply higher revenue and is continuing to grow profitably while pursuing acquisitions among its software licensee base.
Gaylor said Crexendo, which provides unified communications as a service and cloud-based telecom services, has changed substantially from when it first began presenting at LD Micro years ago. He said the company was previously a $10 million to $15 million business losing money, while this year it is “on track to do $100 million in revenue” and has been GAAP profitable for 11 consecutive quarters.
