$DTGI Big Revenue Growth: Digerati's revenue growt
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Posted On: 09/24/2019 9:06:21 AM
$DTGI Big Revenue Growth: Digerati's revenue growth has been nothing short of amazing.
They disclose in the April 30, 2019 Form 10-Q:
“Cloud-based hosted services revenue increased by $1,289,000, or 658% from the three months ended April 30, 2018 to the three months ended April 30, 2019. The increase in revenue between periods is primarily attributed to the increase in total customers acquired from the acquisitions of T3 Communications, Inc. and Synergy Telecom’s assets. Our total number of customers increased from 145 customers for the three months ended April 30, 2018 to 688 customers for the three months ended April 30, 2019. Additionally, our average monthly revenue per customer increased from $466 for the three months ended April 30, 2018 to $723 for the three months ended April 30, 2019.”
These results are impressive:
-ARPU almost doubled to $723 in Q3 of fiscal 2019, compared to $466 in Q3 of fiscal 2018.
·-Sales growth was up 658%
-Gross margin was also up, and reached 48% https://www.privateequitymarkets.us/newslette...our-eye-on
They disclose in the April 30, 2019 Form 10-Q:
“Cloud-based hosted services revenue increased by $1,289,000, or 658% from the three months ended April 30, 2018 to the three months ended April 30, 2019. The increase in revenue between periods is primarily attributed to the increase in total customers acquired from the acquisitions of T3 Communications, Inc. and Synergy Telecom’s assets. Our total number of customers increased from 145 customers for the three months ended April 30, 2018 to 688 customers for the three months ended April 30, 2019. Additionally, our average monthly revenue per customer increased from $466 for the three months ended April 30, 2018 to $723 for the three months ended April 30, 2019.”
These results are impressive:
-ARPU almost doubled to $723 in Q3 of fiscal 2019, compared to $466 in Q3 of fiscal 2018.
·-Sales growth was up 658%
-Gross margin was also up, and reached 48% https://www.privateequitymarkets.us/newslette...our-eye-on
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