Glowpoint Reports Q4 Earnings

Cloud-Based Managed Service Revenue Grows 46%

By Catherine Hensley
Updated: April 21, 2011

In mid-March, Glowpoint reported increased revenues for both its fourth quarter and the fiscal year 2010. This is good news for the telecommunications industry and businesses looking to expand through investments in communications products and services. A leader in cloud-based managed services, Glowpoint reported an 11% increase in revenues to $27.6 million.

Among its services, Glowpoint provides cloud-based management for both telepresence and video conferencing and collaboration capabilities. Revenue specifically from the cloud-based managed services has been driving this growth and accounts for nearly 50% percent of the quarterly revenue. In particular, the Open Video (OV) Manage and Collaborate services grew significantly, pointing to the increased usage of video conferencing and calling going on in the workplace.

This improvement in the profitability of such services can be seen as positive sign that teleconferencing is not only expanding but also becoming more ubiquitous as a business tool. Companies with multiple geographical locations or clients can stay in touch and conduct business through their telephony systems and IP connections. With Glowpoint’s hosted-video infrastructure and services, business owners can feel confident that their monetary investment will go a long way toward keeping their companies connected to partners and clients around the world while also boosting efficiency in the office.