Reglikedomain industry desk

Tucows notes strong earnings growth…from phone service

Tucows notes strong earnings growth…from phone service

Ting powers Tucows to growth in Q2.

TucowsTucows released earnings for Q2 2014 following the bell today.

It was a strong quarter for the firm, which owns domain name reseller service OpenSRS. Revenue was up 14% compared to Q2 2013 and net earnings per share doubled.

Don’t thank the domain name business for that growth. Although the domain business did OK, the growth driver was Tucows’ mobile phone service Ting. Ting revenue was up 121% compared to the same quarter last year.

Ting had 73,000 accounts and 113,000 devices on its network as of the end of Q2.

Revenue from domain name services declined slightly from Q2 2013. The domain business wrote off $300,000 in Q2 for domain names from its NetIdentity buyout in 2006 that it decided not to renew.

Also on the wire

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