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Md. cloud computing firm shows second-quarter loss

(Rangizzz / Depositphotos.com)

(Rangizzz / Depositphotos.com)

Broadsoft Inc., a cloud business software company based in Gaithersburg, showed losses in its second-quarter and first-half results.

Broadsoft had a net loss of $3 million, or 10 cents per share, a greater loss than in the same quarter a year ago, when the company lost $2.9 million.

Total revenue increased to $88.8 million, up 9 percent year-over-year, compared to $81.7 million in the second quarter of 2016.

In the first six months, the company lost $13.5 million, or 44 cents per share, a larger than from the previous year’s first half loss of $4.4 million, or 15 cents per share.

Michael Tessler, president and chief executive officer of Broadsoft, said in a statement that the company has positive momentum going into the second half of the year. In the first half, the company launched its services in Australia.

 


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