Tucows notes continued growth as mobile services boom

Ting helps Tucows continue to post strong growth.

Tucows noted continued revenue growth in an earnings release following the market closed today.

The firm posted $40.5 million revenue, up from $34.4 million in the same quarter last year and $38.8 million last quarter.

Tucows’ Ting group, which offers mobile phone services and is moving into high speed internet, continues to be the growth driver for the firm. Quarterly revenue from these services has nearly doubled in the past year and hit $12.9 million last quarter.

The domain name business is treading water. Domain Services revenue, which includes the Tucows reseller network, Hover and sales/monetization of its domain name portfolio, is essentially flat year-over-year. The retail Hover business is up slightly from Q4 with $2.9 million revenue in the three months ended March.