Consensus Cloud Solutions, Inc. Reports First Quarter 2024 Results; Releases Q2 2024 and Reaffirms Full Year 2024 Guidance; Achieves Record GAAP Net Income/EPS and Non-GAAP Net Income/Non-GAAP EPS
SoHo and Corporate revenues were ahead of expectations, which combined with our cost saving measures, produced a strong EBITDA margin of 54.5%.
- SoHo and Corporate revenues were ahead of expectations, which combined with our cost saving measures, produced a strong EBITDA margin of 54.5%.
- Q1 2024 quarterly revenues decreased by $3.3 million or 3.6% to $88.1 million compared to $91.5 million for Q1 2023.
- GAAP net income (1) increased to $26.4 million in Q1 2024 compared to $15.5 million for Q1 2023.
- GAAP net income per diluted share (1) increased to $1.37 or 75.6% in Q1 2024 compared to $0.78 for Q1 2023.