Revenue hits another record as company works to meet EU privacy law deadline.
Domain name, mobile and internet services company Tucows (NASDAQ:TCX) reported earnings after the bell yesterday.
The company reported record quarterly revenue of $85.0 million. That’s up 73% compared to the same quarter last year, with most of the growth coming from the acquisition of Enom this year. Domain revenue jumped from $29.8 million in Q3 2016 to $62.0 million this year.
Quarter over quarter, the topline number barely budged. The company reported $84.2 million revenue in Q2 of this year.
On an investor conference call yesterday, Tucows CEO Elliot Noss said that the company continues to invest heavily in engineering to prepare for complying with the European Union’s General Data Protection Regulation (GDPR). (Learn more about GDPR)
The company sent a notice to OpenSRS resellers at the end of October suggesting that they speak with their lawyers about GDPR. The OpenSRS website explains how the company is preparing. It states that it will implement a post-purchase consent request regarding use of personal data.