In addition to RingCentral financial results this week, 8×8 and Vonage both announced quarterly results. Each vendor is in similar situations with a relatively new management team that has a focus on execution.
The previous CEOs in both cases (Vikram Verma at 8×8, Alan Masarek at Vonage) used a combination of acquisitions and home-grown technology to transform the businesses. 8×8 hired former RingCentral executive Dave Sipes to lead it, while Vonage tapped Rory Read, formerly chief operating executive at Dell, to drive better execution there. A look at each vendor’s numbers shows both are making steady progress on their plans. Below is a closer look at each.
