I wanted to take a moment to recognize our 2Q Accomplishments and Reiterate 3Q Priorities. In 2Q the team achieved its financial commitments and delivered on a number of key initiatives that continue to differentiate us from our competitors. We prove over and over again that we are a valued solutions enabler to our partners, growing their revenue, profitability and subscriber base.
In 2Q we delivered $421.8M in Net Revenue; 108% of plan | $204.3M Gross Margin; 108% of plan. Net Subscriber Additions were380K; 78% of plan, driven by new FCC disconnect regulations for Wireless Lifeline providers. While 2Q Net Additions were lower than expected, we remain on target to achieve our annual Net Add plan.
The team also continues to build momentum with key …show more content…
Brian Huey teamed with Chris Stokes, BMG and advised Science Applications International Corporation (SAIC) how to leverage different methods of cellular communication (data vs. SMS vs. GPS) to maximize the value of their SmartGrid product. The team was able to deliver customized, innovative embedded M2M solutions that specifically met SAIC’s needs which enables them to provide SmartGrid services to utility companies. SAIC will be loaded into Command Center and deploy services in 2013. Innovation of product and innovation of the solutions, offers and business models we present to our customers is how we further establish ourselves as a consultative partner.
GROW.
Kevin Henderson worked closely with partners and consultants to better understand the Lifeline market. He used his knowledge of their business and the industry to persuade TSB to move beyond their existing Lifeline business and launch non-LifeLine businesses - SKY Mobile and VoiceWorks . We must grow share of wallet with our customers to meet long-term growth objectives.
Thanks to each of you for all that you do to make Global Wholesale & Emerging Solutions a success.
Good Selling!