[May 21, 2013] Vonage Q1 net income decreases Tweet May 21, 2013 (Datamonitor via COMTEX) -- Vonage Holdings Corp., a provider of communications services, has reported that net income for the first quarter ended March 31, 2013 was $13.05 million, or $0.06 per share, compared to $13.92 million, or $0.06 per share, for the same quarter ended March 31, 2012. Revenues for the first quarter ended March 31, 2013 were $209.09 million, compared to $215.9 million for the same quarter ended March 31, 2012. Income from operations for the first quarter ended March 31, 2013 was $22.47 million, compared to $20.53 million for the same quarter ended March 31, 2012. Total assets as of March 31, 2013 were $548.55 million, compared to $547.39 million, as of December 31, 2012. Marc Lefar, CEO of Vonage, said: "We again generated solid financial returns. We improved our operating margins as we continue to implement structural improvements to lower costs. In addition, our focus on the overall customer experience has resulted in strong churn performance. Churn declined by 30 basis points from the prior year and has been stable for four consecutive quarters. Although total customer additions to our international calling plans were flat, we continued to see strong sales growth through assisted selling in major retailers and community sales teams." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]