Tucows last week reported Q2/2017 business result, revenue increased 78% over the same period last year.
Tucows is a major Internet and telecommunications service provider in the world, operating since 1993, headquartered in Toronto, Ontario, Canada. Tucows’ domain-related business service is just behind GoDaddy with owning OpenSRS, Hover and most recently eNom.
In January of this year, Tucows spent $83.5 million buying eNom domain provider, taking over the whole domain name business from this company.
After the successful deal, sales of Tucows domain names in the first three months of 2017 increased sharply – Up over 80% compare with the same period in 2016, reaching $50.5 million.
Sales of domain names continue to increase in the next three months, reaching $62.8 million, up $12.3 million, bringing the total revenue from domain name sales in the first half of 2017 to $113.3 million.
Total sales of Tucows in Q2/2017 increased sharply – up 78% over the same period in 2016, from $47.2 million to $84.2 million. Accordingly, in the first six months of the year, Tucows reached $153.8 million in total revenue, up 67% over the same period last year.
It can be seen, Tucows domain name business since the eNom always increased and accounted for a large part of the company’s total revenue, up to over 70%.
>> More details of Tucows Q2/2017 financial report here.