NFON AG Confirms Revenue Guidance for the Year 2020
May 18, 2020 at 04:00 am EDT
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NFON AG confirmed revenue guidance for the year 2020. Due to the excellent first quarter 2020, NFON expressively confirms the guidance, taking corona effects into account. So the company expects a significant growth of customer base between 20% and 24%. The company expects the revenue growth rate for 2020 to be between 22% and 26%, not taking into account any further acquisitions, that's the pure organic growth rate between 22% and 26%. And the company expects the resulting recurring revenue in 2020 to be in the ratio of between 80% and 85%.
Nfon AG is a Germany-based company that provides cloud-based telephone systems. Its product and service offering includes primarily NFON Cloud Telephone System, a public multi-tenant PBX delivering servicing from the cloud, as well as specialist solutions. The Companyâs services enable communication for customers and their employees on various devices, including smartphones, tablets, personal computers, and desk phones. Its customers range from local small businesses to international large enterprises. The Company is active in various European countries, including Germany, Austria, Switzerland, the Netherlands, Poland, Hungary, the United Kingdom, Slovenia, Slovakia, Spain, Croatia, Romania and Portugal.
NFON AG 
