Lingo® Reports Record Third Quarter Sales Results
Strong sales bookings including Cloud/UC and Managed Services set a new sales record.
ATLANTA, September 30, 2019 – Lingo Communications, LLC. (“Lingo”), a leading global Cloud/UC communications and managed service provider dedicated to serving the SMB, Carrier and Consumer markets, announced today the results of its third-quarter 2019 sales bookings, which was the best three-month period in the company’s history.
Lingo’s three efficient sales channels (Inbound, Outbound and Partner channels) collectively achieved an overall sales booking increase of 48% compared to the sales results from the second quarter of 2019 and a 90% increase compared to the sales results from the first quarter of 2019.
The growth included more sales bookings of Cloud/UC, Managed Services, Wireless and Carrier services as well as the retention of Lingo’s largest SMB customer. In addition, the sales pipeline of unsold revenue expanded by 10x compared to the second quarter of 2019 to end the third quarter at a record $2.6 million of the total contract value.
The Carrier segment drove success through contracting and interconnecting with twenty new or renewed domestic and international Carrier partners. These partnerships not only drove additional top and bottom-line growth but also allowed the Carrier segment to further expand its mature product offerings.
In addition, our Carrier segment management has actively participated in four industry tradeshow events including PTC and ITW through the third quarter. The Carrier team intends to carry this momentum into the fourth quarter with participation in the SOMOS Toll-Free User Summit, Capacity Europe and INCOMPAS.
Chuck Griffin, Lingo’s President and CEO said, “Our Q3 sales bookings results reflect the extensive work we have put into refining our products, services and sales channels to enhance our customer experience. Lingo customers are at the forefront of everything we do and our sales bookings success this quarter is indicative of how closely our solutions now align to the needs of the marketplace.”
“We are thrilled with the results of this past quarter; every single sales channel had significant growth,” said Chris Ramsey, VP Sales & Marketing and Jason Welch, EVP Carrier Services for Lingo. “With a best-of-breed IP-Network that spans North America and an ever-expanding product set, it is easy to understand why customers are choosing Lingo.”
Lingo is a leading global Cloud/UC communications and managed service provider to the SMB, Carrier and Consumer markets. Lingo provides modern, efficient, IP-based voice, data, managed services and network services to customers around the globe. Lingo owns both a nationwide IP-based Cloud/UC communications network as well as an expansive North American FG-D network serving many of the largest global Carrier customers. Lingo is proud to provide exceptional 24/7/365 customer care. For additional information, please visit lingo.com.
VP Sales & Marketing