Consensus Cloud’s (CCSI) Buyback Doubles, But Growth Has A Catch

Consensus Cloud Solutions released second-quarter results on August 6 that presented a complex picture of the eFax and cloud document exchange company. Revenue increased 4.1% to $91.4 million, while net income rose 31.7% to $27.4 million. The company’s board raised its stock buyback authorization to $200 million, doubling the previous level, and the company repurchased approximately 300,000 shares during the quarter.
The corporate segment emerged as a bright spot, posting revenue growth o