Copper's Slow Fade Fuels Ooma's Growth The recent earnings report from Ooma Inc. reveals a dynamic where the decline of copper phone lines is driving growth for the company.
Revenue jumped 25% year over year in the second quarter, with business subscription and services revenue soaring by 38%. However, this growth may be driven more by deals closed last year than organic demand.
The AirDial Advantage AirDial, Ooma's replacement for analog phone lines, is a key driver of growth. Services revenue from this business grew 75% year over year, with installations increasing by 50%.