Tucows revenue jumps on Enom acquisition


Enom propels topline and earnings growth at Tucows.

Domain name and network access services company Tucows (NASDAQ:TCX) reported a big jump in year-over-year revenue and earnings for Q2 thanks to the integration of domain registrar Enom, which it acquired in January.

Net revenue jumped from $47.2 million in Q2 2016 to $84.2 million in Q2 2017, and most of that can be attributed to domain names. The Domain Services segment increased from $28.4 million to $62.8 million.

The domain name business contributed $50.5 million in Q1 2017, which included a partial quarter of revenue from Enom.

Tucows recorded record earnings per share of $.50.

© DomainNameWire.com 2017. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com.

Latest domain news at DNW.com: Domain Name Wire.

The post Tucows revenue jumps on Enom acquisition appeared first on Domain Name Wire | Domain Name News & Views.