Cloud call-recording service, Dubber, announced a set of first-half results that confirm the appeal of scalable, quick-to-deploy, call-recording and playback cloud services.
Dubber bills its intelligent, built for the cloud, software as ‘the world’s most scalable cloud call recording service’. Delivering cloud call-recording for mobile, VoIP and all major UC platforms is the foundation of Dubber’s vision to: “disrupt a hardware driven, multi-billion dollar industry, enabling call-recording to be switched on, as-a-service, as part of any telecommunications service for a monthly fee” according to Dubber Co-Founder and CEO, Steve McGovern.
Recording Record Results
Dubber’s triple-digit first-half (to December 31st, 2018) growth rates for service income, customer revenues and user subscriptions are evidence of cloud call-recording’s rapid adoption. Year-on-year revenue growth topped 300% at $2.0 million for the period, while user subscriptions rose 133% to 68,575.
A significant result is a rise in the number of partnerships with leading telcos and IT service providers. Agreements are now signed with 92 companies for the Dubber Platform, a 142% rise, and include some of the world’s largest – AT&T, Cisco/Broadsoft, IBM, Cox Business and Vodafone – and expands the market to a much larger potential number of users, with a consequential significant increase in potential future services growth.
“The first half of FY2019 has been significant, as Dubber’s technology has been adopted by an ever-growing list of global telecommunications service providers, which, not only has resulted in significant revenue, user and subscriber growth, but importantly further enforced our view that we are the global leader of scalable call recording”
A soaring share-price - it recently recorded its 52-week high, at $0.795 – reflects this optimistic view and values the business currently at c$115 million. In terms of outlook, the company has reiterated its continued focus is on increasing active subscribers and Dubber Platform billings and growing its global footprint.
Recording Only Half the Story
[caption id="attachment_18544" align="alignright" width="250"]
Steve McGovern[/caption]
Cloud-based call recording delivers all the typical cloud benefits – leading security, storage at scale, no capital purchase, pay for use and ease of management. Where Dubber delivers value, beyond base economics and performance, is the ability to open new possibilities and deliver added-value services to users.
