European cloud PBX provider Nfon said total revenues increased by 15.1 percent year-on-year in the second quarter to EUR 16.4 million. The rise comes from increased home office activity since the beginning of March. The demand for cloud-based services also grew while revenue from voice minutes jumped. This increase returned to normal in the quarter, the company added. Recurring revenues rose by 21.5 percent to EUR 14.6 million. Non-recurring revenues fell by 20 percent EUR 1.7 million.  

EBITDA improved to EUR 900.000, compared to a negative 2.1 million. Adjusted EBITDA progressed to EUR 1.1 million from a negative 1.7 million. The number of seats operated by customers increased by 21 percent to 494,132 as of the end of June against 408,393 the year before. 

Based on these results, Nfon confirmed its outlook for fiscal year 2020. The company noted that uncertainties remain relating to the economic situation in Europe and worldwide. In particular, the markets in Spain, Italy and France are currently still very challenging, it said.