Endurance CEO: Increased Sales Guidance Won't Slam Margins
Endurance International Group saw a 13% jump in revenue in the first quarter and raised its revenue guidance for the year because of momentum in its small business sales and spike in subscriber growth.
Endurance International Group saw a 13% jump in revenue in the first quarter and raised its revenue guidance for the year because of momentum in its small business sales and spike in subscriber growth, says the company's CEO Hari Ravichandran. He says organic subscriber growth and referrals helped add over 100K new subscribers to the company's platform in Q1, raising its total to 3.6 million. Finally, Ravichandran says the company is generating the necessary cash to grow despite cutting the size of its IPO last October.
