Reglikedomain industry desk

Tucows revenue jumps on Enom buyout

Tucows revenue jumps on Enom buyout

Enom propels topline and earnings growth at Tucows.

Domain name and network access services firm Tucows (NASDAQ:TCX) noted a big jump in year-over-year revenue and earnings for Q2 thanks to the integration of domain registrar Enom, which it purchased in January.

Net revenue jumped from $47.2 million in Q2 2016 to $84.2 million in Q2 2017, and most of that can be attributed to domain names. The Domain Services segment increased from $28.4 million to $62.8 million.

The domain name business contributed $50.5 million in Q1 2017, which included a partial quarter of revenue from Enom.

Tucows recorded record earnings per share of $.50.

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