How Has BroadSoft’s Revenue Grown Recently?
Acquisition expected to close in calendar 1Q18
As we discussed in the preceding part of this series, Cisco Systems (CSCO) will be acquiring BroadSoft (BSFT) to expand its product portfolio in the collaboration space. This acquisition is expected to close in the first quarter of calendar 2018, subject to regulatory closing conditions.
Acquiring BroadSoft should provide Cisco with access to best-in-class cloud voice and contact solutions—strong additions to the latter’s existing product offerings in collaboration.
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Analysts expect BroadSoft’s revenues to rise
BroadSoft’s revenues rose from $179 million in fiscal 2013 to $217 million in fiscal 2014, then to $279 million in fiscal 2015 and to $341 million in fiscal 2016. Analysts expect the firm’s revenues to rise 12% YoY (year-over-year) to $382 million in fiscal 2017 and 13% YoY to $431 million in fiscal 2018.
BroadSoft was founded in 1998 and has 25 of the top 30 global telecom carriers as its customers. BroadSoft’s customers include AT&T (T), Verizon Communications (VZ), Sprint (S), Charter Communications, Comcast, and Vodafone.
BroadSoft is expected to complement Cisco’s collaboration portfolio with an estimated traction of over 19 million subscribers in the high growth cloud voice and contact center vertical.