This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tucows' CEO Discusses Q2 2011 Results - Earnings Call Transcript

Ken Schafer – Executive Vice President of Products

Thank you, operator. Good afternoon. Thanks for joining us. With me is Michael Cooperman, our Chief Financial Officer and unfortunately due to a family matter our President and CEO, Elliot Noss is not able to be with us today. I’ll be taking his place.

Despite that this call will follow the usual format. I’ll begin with a brief overview of the financial and operational highlights for the quarter and then Mike will review our financial results in more detail. After that I’ll return with some concluding comments before opening up the call to questions.

Second quarter 2011 was another very solid quarter that was again indicative of the consistency and reliability in our business within the context of growth. Revenue grew by almost 11% for Q2 – sorry, from Q2 of last year to $22.6 million which was another record and cash provided by operating activities was $1.4 million after adjustments for non-cash working capital items. To discuss OpenSRS, we continued to perform well with an overall growth in revenue of 15%.

Total domain transaction volume for the quarter were up 15% to just over two million and that’s the second consecutive quarter that we topped the $2 million – sorry, two million mark in domains. New registrations were up 21% if we exclude the impact of two customers that became registrars on their own earlier this year. Renewals were up 15% and our renewal rate held steady at a level that remains well above the industry average. This growth in transaction push domains under management at the end of the quarter up 10% for the same period last year exceeding $11 million names for the first time.

The OpenSRS email service continue to experience the momentum that we’ve discussed in the last several calls. Revenue was up 8% year-over-year and mail boxes under management grew on both the year-over-year and sequential basis. We believe our overall competitive position is strengthening primarily due to our unwavering focus on wholesale relationships with service providers. And Q1 once again bore this out with a number of key competitive wins for OpenSRS. This week at HostingCon we announced the partnership with Parallels who is a leader in the hosting and cloud services space. The partnership integrates OpenSRS services directly into Parallels platform allowing for easy provisioning and management of their sorry of our services by Parallels customers from within Parallels control panels.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,986.32 -139.80 -0.77%
S&P 500 2,107.03 -13.76 -0.65%
NASDAQ 5,063.5740 -34.4020 -0.67%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs