One Horizon Group Inc. (NASDAQ:OHGI)
Shares of One Horizon Group Inc. (NASDAQ:OHGI) continue to edge higher in the market in the wake of software giant Microsoft Corporation (NASDAQ:MSFT) reiterating that it is destined for global growth on leveraging Azure Cloud capabilities. The Mobile VoIP software company has successfully shortened its sales cycle and improved time to market by combining its VoIP technology with the Azure cloud platform.
Azure Cloud Integration
The Azure cloud platform has been of great help to One Horizon Group Inc. (NASDAQ:OHGI) as it has helped replace expensive infrastructure requirement thereby gaining efficiencies for the VoIP technology firm. The replacement has also helped the company develop a competitive edge in the industry with its groundbreaking SmartPacket mobile VoIP.
Microsoft remains confident about the company’s prospects on the global scene given that its SmartPacket VoIP platform has proved to be effective in improving efficiency by which voice signals are transmitted to the internet from smartphones. According to the tech giant, reduction in mobile bandwidth consumption and battery usage are some of the benefits that should differentiate One Horizon from the competition.
One Horizon Group Inc. (NASDAQ:OHGI) CEO, Brian Collins, has already pointed out that carriers have started to take note of the company’s VoIP technology.
“Carriers are realizing that with our technology we solve a very real problem as well as unlocking value through an additional and otherwise lost customer roaming revenue stream. Today, our technology is live in seven emerging markets. Naturally, as we continue to grow, we will need to become more operationally efficient and utilize technology that will support our growth initiatives,” said Mr. Collins.
Microsoft’s remarks have given One Horizon Group Inc. (NASDAQ:OHGI) a boost in the market after the stock came under immense selling pressure recently. A wider than expected net loss of $1.3 million in the first quarter plunged the stock in the market as investors continued to question its growth prospects. A delisting notice from the NASDAQ fueled speculation about the VoIP software provider’s future.
One Horizon Group Inc. (NASDAQ:OHGI) has since regained NASDAQ compliance after its stock price rallied above the $1 a share trading mark. The big question now is whether the stock will continue to edge higher on the momentum.
The stock of One Horizon Group Inc. (NASDAQ:OHGI) was a big mover in Tuesday’s trading session – rallying by 69.12% and ending the day at $1.15 a share. Since the start of the month, the stock has traded higher on increased volume.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.