Exhibit 99.1

 

Media and Investor Contact:

Sean O’Brien

(404) 262-8462

sean.obrien@pgi.com

PGi Announces Record UC&C SaaS Results in the Second Quarter 2015:
UC&C SaaS Non-GAAP Revenue Up 72% Year-over-year to $83M* Annual Run-Rate;
Over 14% of Q2 Net Revenue; Record ACV Bookings of Over $7M

2Q15 Final Results: Non-GAAP Revenue $144.6M*, Non-GAAP Diluted EPS from Continuing Ops $0.26*; Highest Gross Margin Percent in Over Five Years

Company Raises 2015 Financial Outlook

ATLANTA – July 30, 2015 – Premiere Global Services, Inc. (NYSE: PGI), the world’s largest dedicated provider of collaboration software and services, today announced results for the second quarter ended June 30, 2015.

In the second quarter of 2015, net revenue totaled $144.3 million, including an estimated negative impact of $6 million from year-over-year changes in foreign currency exchange rates. Non-GAAP revenue totaled $144.6 million* in the second quarter of 2015. Unified communications and collaboration (UC&C) SaaS non-GAAP revenue grew 72%, totaling $20.7 million* in the second quarter of 2015, compared to $12.0 million* in the second quarter of 2014. Diluted EPS from continuing operations was $0.11 in the second quarter of 2015, compared to $0.13 in the second quarter of 2014. Non-GAAP diluted EPS from continuing operations was $0.26* in the second quarter of 2015, compared to non-GAAP diluted EPS from continuing operations of $0.23* in the second quarter of 2014.

Second Quarter 2015 Results* ($ in millions, except per share data)	2Q14	2Q15	Constant Currency **	Adjusted Growth **
Non-GAAP revenue	$144.3	$144.6	$150.6	4.4%
UC&C SaaS non-GAAP revenue	$12.0	$20.7	$21.4	78.3%
Non-GAAP gross margin	59.1%	60.7%	60.6%	150 BPs
Adjusted EBITDA	$26.7	$27.9	$28.5	6.7%
Non-GAAP diluted EPS from continuing operations	$0.23	$0.26	$0.27	17.4%

“We are thrilled to report another quarter of record performance, as we further accelerated the transition of our business to a SaaS model, while continuing to drive meaningful increases in our profitability,” said Boland T. Jones, PGi founder, chairman and CEO. “It is clear to us that our strategy is working, with record incremental annual contract value (ACV) bookings of over $7 million sold in the second quarter and our highest gross margin percent in over five years. With sales pipelines at a record high and continuing overall momentum in our global business, we remain optimistic in our outlook for the remainder of the year.”

Six Month Results
In the first six months of 2015, net revenue totaled $286.6 million, including an estimated negative impact of $11 million from year-over-year changes in foreign currency exchange rates. Non-GAAP revenue totaled $287.4 million* in the first six months of 2015. UC&C SaaS non-GAAP revenue grew 75%, totaling $39.7 million* in the first six months of 2015, compared to $22.7 million* in the first six months of 2014. Diluted EPS from continuing operations was $0.14 in the first six months of 2015, compared to $0.24 in the first six months of 2014. Non-GAAP diluted EPS from continuing operations was $0.49* in the first six months of 2015, compared to non-GAAP diluted EPS from continuing operations of $0.46* in the first six months of 2014.

Financial Outlook
The following statements are based on PGi’s current expectations. These statements contain forward-looking statements and company estimates, and actual results may differ materially. PGi assumes no duty to update any forward-looking statements made in this press release.

Based on current business trends and prevailing foreign currency exchange rates, and assuming no additional acquisitions, PGi has raised its financial outlook for 2015 from the range it previously provided on April 23, 2015. PGi now anticipates that 2015 results will be within the following financial outlook ranges: non-GAAP revenue is projected to be in the range of $568-$575 million* and non-GAAP diluted EPS from continuing operations are projected to be in the range of $0.94-$0.96*. These ranges include an estimated negative year-over-year impact from changes in foreign currency exchange rates of approximately $21 million and $0.02* to non-GAAP revenue and non-GAAP diluted EPS from continuing operations, respectively. PGi continues to anticipate that its UC&C SaaS revenue will increase over 50% in 2015 compared to 2014.

PGi will host a conference call today at 5:00 p.m., Eastern Time to discuss these results. To participate in the call, please dial-in to the appropriate number 5-10 minutes prior to the scheduled start time: (800) 756-4697 (U.S. and Canada) or (913) 981-5549 (International), participant passcode 7301652. The conference call will simultaneously be webcast in iMeetLive®. Please visit pgi.com for webcast details and conference call replay information, as well as the webcast archive and the text of the earnings release, including the financial and statistical information to be presented during the call.

* Non-GAAP Financial Measures

The company’s non-GAAP revenue, UC&C SaaS non-GAAP revenue and non-GAAP gross margin include the deferred revenue from software licenses and related support contracts from recent acquisitions and excludes the impact of purchase accounting adjustments related to deferred revenue. Adjusted EBITDA and non-GAAP diluted earnings per share (EPS) from continuing operations and projections of these items also exclude equity-based compensation, amortization expenses, non-recurring tax adjustments and related interest, restructuring costs, excise and sales tax expense and related interest, asset impairments, net legal settlements and related expenses, acquisition-related costs, foreign exchange transaction gains and losses and the impact of purchase accounting adjustments related to deferred revenue. Management uses these measures internally as a means of analyzing the company’s current and future financial performance and identifying trends in our financial condition and results of operations. We have provided this information to investors to assist in meaningful comparisons of past, present and future operating results and to assist in highlighting the results of ongoing core operations. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the attached financial tables. These non-GAAP financial measures may differ materially from comparable or similarly titled measures provided by other companies and should be considered in addition to, not as a substitute for or superior to, measures of financial performance prepared in accordance with GAAP.

** Constant Currency

These constant currency adjustments convert current period results using prior period (Q2-14) average exchange rates calculated in the same manner as in footnote 5 to the Reconciliation of Non-GAAP Financial Measures table.

About Premiere Global Services, Inc. │ PGi

PGi is the world’s largest dedicated provider of collaboration software and services. We created iMeet^®, an expanding portfolio of purpose-built applications designed to meet the daily collaboration and communications needs of business professionals, with solutions for web, video and audio conferencing, smart calendar management, webcasting, project management and sales acceleration. PGi’s award-winning UC&C solutions help nearly 50,000 businesses grow faster and operate more efficiently. To learn more, visit us at pgi.com.

###

Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties, many of which are beyond our control. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in PGi's forward-looking statements, including, but not limited to, the following factors: competitive pressures, including pricing pressures; technological changes and the development of alternatives to our services; market acceptance of PGi’s UC&C SaaS solutions, including our iMeet® and GlobalMeet® solutions; our ability to attract, retain and expand the products and services we provide to existing customers; our ability to establish and maintain strategic reseller and distribution relationships; risks associated with global economic or market conditions; price increases from our telecommunications service providers; service interruptions and network downtime, including undetected errors or defects in our software; technological obsolescence and our ability to upgrade our equipment or increase our network capacity; concerns regarding the security and privacy of our customers’ confidential information; future write-downs of goodwill or other intangible assets; greater than anticipated tax and regulatory liabilities; restructuring and cost reduction initiatives and the market reaction thereto; our level of indebtedness; risks associated with acquisitions and divestitures; indemnification claims from the sale of our PGiSend business; our ability to protect our intellectual property rights, including possible adverse results of litigation or infringement claims; regulatory or legislative changes, including further government regulations applicable to traditional telecommunications service providers and data privacy; risks associated with international operations and market expansion, including fluctuations in foreign currency exchange rates; and other factors described from time to time in our press releases, reports and other filings made with the Securities and Exchange Commission, including but not limited to the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2014. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise these forward looking statements for any reason.

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in thousands, except per share data)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Net revenue	$	144,304		$	144,287		$	286,626		$	287,526
Operating expenses:
Cost of revenue (exclusive of depreciation and amortization shown
separately below)		56,885			59,001			114,041			118,543
Selling and marketing		37,070			37,593			74,125			75,429
General and administrative (exclusive of expenses		21,021			19,070			41,173			37,005
shown separately below)
Research and development		4,842			4,616			10,592			9,121
Depreciation		8,892			8,885			17,464			17,551
Amortization		4,387			2,484			8,437			4,967
Restructuring costs		(37	)		-			4,146			-
Asset impairments		127			-			150			-
Net legal settlements and related expenses		(11	)		-			(11	)		-
Acquisition-related costs		3,027			1,786			3,600			3,691
Total operating expenses		136,203			133,435			273,717			266,307
Operating income		8,101			10,852			12,909			21,219
Other (expense) income:
Interest expense		(2,882	)		(2,385	)		(5,503	)		(4,485	)
Interest income		6			11			14			20
Other, net		649			(36	)		402			255
Total other expense, net		(2,227	)		(2,410	)		(5,087	)		(4,210	)
Income from continuing operations before income taxes		5,874			8,442			7,822			17,009
Income tax expense		994			2,309			1,555			5,606
Net income from continuing operations		4,880			6,133			6,267			11,403
Loss from discontinued operations, net of taxes		(108	)		(118	)		(334	)		(183	)
Net income	$	4,772		$	6,015		$	5,933		$	11,220
BASIC WEIGHTED-AVERAGE SHARES OUTSTANDING		44,029			45,859			44,479			46,121
Basic net income (loss) per share (1)
Continuing operations	$	0.11		$	0.13		$	0.14		$	0.25
Discontinued operations		-			-			(0.01	)		-
Net income per share	$	0.11		$	0.13		$	0.13		$	0.24
DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING		44,585			46,550			45,037			46,784
Diluted net income (loss) per share (1)
Continuing operations	$	0.11		$	0.13		$	0.14		$	0.24
Discontinued operations		-			-			(0.01	)		-
Net income per share	$	0.11		$	0.13		$	0.13		$	0.24

(1) Column totals may not sum due to the effect of rounding on EPS.

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands, except per share data)

	June 30,			December 31,
	2015			2014
ASSETS
CURRENT ASSETS
Cash and equivalents	$	20,707		$	40,220
Accounts receivable (less allowances of $746 and $557, respectively)		89,977			77,334
Prepaid expenses and other current assets		16,528			13,536
Income taxes receivable		662			1,897
Deferred income taxes, net		8,658			10,447
Total current assets		136,532			143,434
PROPERTY AND EQUIPMENT, NET		101,595			100,954
OTHER ASSETS
Goodwill		417,699			386,416
Intangibles, net of amortization		103,073			102,350
Deferred income taxes, net		2,225			2,342
Other assets		14,982			20,734
TOTAL ASSETS	$	776,106		$	756,230
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$	52,702		$	57,211
Income taxes payable		1,957			2,217
Accrued taxes, other than income taxes		10,386			17,562
Accrued expenses		60,062			37,807
Current maturities of long-term debt and capital lease obligations		2,079			1,971
Accrued restructuring costs		1,384			958
Deferred income taxes, net		3			17
Total current liabilities		128,573			117,743
LONG-TERM LIABILITIES
Long-term debt and capital lease obligations		339,775			332,825
Accrued expenses		33,261			23,219
Deferred income taxes, net		28,247			27,453
Total long-term liabilities		401,283			383,497
SHAREHOLDERS' EQUITY
Common stock, $0.01 par value; 150,000,000 shares authorized,
46,808,447 and 47,378,794 shares issued and outstanding, respectively		485			475
Additional paid-in capital		432,838			442,585
Accumulated other comprehensive loss		(11,481	)		(6,545	)
Accumulated deficit		(175,592	)		(181,525	)
Total shareholders' equity		246,250			254,990
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	776,106		$	756,230

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 (Unaudited, in thousands)

	Six Months Ended
	June 30,
	2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	5,933		$	11,220
Loss from discontinued operations, net of taxes		334			183
Net income from continuing operations		6,267			11,403
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		17,464			17,551
Amortization		8,437			4,967
Amortization of debt issuance costs		364			322
Net legal settlements and related expenses		(11	)		-
Payments for legal settlements and related expenses		(110	)		-
Deferred income taxes		(601	)		908
Restructuring costs		4,146			-
Payments for restructuring costs		(3,583	)		(1,659	)
Asset impairments		150			-
Equity-based compensation		6,065			4,884
Excess tax benefits from share-based payment arrangements		(92	)		(395	)
Provision for doubtful accounts		447			362
Acquisition-related costs		3,600			3,691
Cash paid for acquisition-related costs		(3,067	)		(3,779	)
Changes in working capital, net of business acquisitions		(10,218	)		812
Net cash provided by operating activities from continuing operations		29,258			39,067
Net cash used in operating activities from discontinued operations		(391	)		(165	)
Net cash provided by operating activities		28,867			38,902
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures		(19,782	)		(15,520	)
Business acquisitions, net of cash acquired		(16,284	)		66
Other investing activities, net		(301	)		2,052
Net cash used in investing activities from continuing operations		(36,367	)		(13,402	)
Net cash used in investing activities from discontinued operations		-			-
Net cash used in investing activities		(36,367	)		(13,402	)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments under borrowing arrangements		(55,291	)		(83,447	)
Proceeds from borrowing arrangements		61,500			62,000
Payment of earn-out liability		(1,841	)		-
Excess tax benefits of share-based payment arrangements		92			395
Purchases and retirement of treasury stock, at cost		(15,293	)		(18,988	)
Exercise of stock options		-			963
Net cash used in financing activities from continuing operations		(10,833	)		(39,077	)
Net cash used in financing activities from discontinued operations		-			-
Net cash used in financing activities		(10,833	)		(39,077	)
Effect of exchange rate changes on cash and equivalents		(1,180	)		548
NET DECREASE IN CASH AND EQUIVALENTS		(19,513	)		(13,029	)
CASH AND EQUIVALENTS, beginning of period		40,220			44,955
CASH AND EQUIVALENTS, end of period	$	20,707		$	31,926

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited, in thousands, except per share data)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Non-GAAP Revenue (1)
Net revenue, as reported	$	144,304		$	144,287		$	286,626		$	287,526
Impact of purchase accounting adjustments related to deferred revenue (2)		331			-			748			-
Non-GAAP revenue	$	144,635		$	144,287		$	287,374		$	287,526
Non-GAAP Gross Margin (1)
Gross margin, as calculated	$	87,419		$	85,286		$	172,585		$	168,983
Impact of purchase accounting adjustments related to deferred revenue (2)		331			-			748			-
Non-GAAP gross margin	$	87,750		$	85,286		$	173,333		$	168,983
As a percentage of Non-GAAP revenue		60.7	%		59.1	%		60.3	%		58.8	%
Non-GAAP Operating Income & Adjusted EBITDA (1)
Operating income, as reported	$	8,101		$	10,852		$	12,909		$	21,219
Impact of purchase accounting adjustments related to deferred revenue (2)		331			-			748			-
Equity-based compensation		3,093			2,657			6,065			4,884
Amortization		4,387			2,484			8,437			4,967
Restructuring costs		(37	)		-			4,146			-
Asset impairments		127			-			150			-
Net legal settlements and related expenses		(11	)		-			(11	)		-
Acquisition-related costs		3,027			1,786			3,600			3,691
Non-GAAP operating income	$	19,018		$	17,779		$	36,044		$	34,761
Depreciation		8,892			8,885			17,464			17,551
Adjusted EBITDA	$	27,910		$	26,664		$	53,508		$	52,312
Non-GAAP Net Income from Continuing Operations (1)
Net income from continuing operations, as reported	$	4,880		$	6,133		$	6,267		$	11,403
Impact of purchase accounting adjustments related to deferred revenue (2)		239			-			539			-
Elimination of non-recurring tax adjustments and related interest		(594	)		(167	)		(548	)		474
Equity-based compensation		2,227			1,833			4,367			3,370
Amortization		3,159			1,714			6,075			3,427
Restructuring costs		(27	)		-			2,985			-
Asset impairments		91			-			108			-
Net legal settlements and related expenses		(8	)		-			(8	)		-
Acquisition-related costs		2,179			1,232			2,592			2,547
Foreign exchange transaction (gain) loss (3)		(455	)		24			(271	)		145
Non-GAAP net income from continuing operations	$	11,691		$	10,769		$	22,106		$	21,366
Non-GAAP Diluted EPS from Continuing Operations (1) (4)
Diluted net income per share from continuing operations, as reported	$	0.11		$	0.13		$	0.14		$	0.24
Impact of purchase accounting adjustments related to deferred revenue (2)		0.01			-			0.01			-
Elimination of non-recurring tax adjustments and related interest		(0.01	)		-			(0.01	)		0.01
Equity-based compensation		0.05			0.04			0.10			0.07
Amortization		0.07			0.04			0.13			0.07
Restructuring costs		-			-			0.07			-
Asset impairments		-			-			-			-
Net legal settlements and related expenses		-			-			-			-
Acquisition-related costs		0.05			0.03			0.06			0.05
Foreign exchange transaction gain (3)		(0.01	)		-			(0.01	)		-
Non-GAAP diluted EPS from continuing operations	$	0.26		$	0.23		$	0.49		$	0.46

(1) Management believes that presenting non-GAAP revenue, non-GAAP gross margin, non-GAAP operating income, adjusted EBITDA, non-GAAP net income from continuing operations and non-GAAP diluted EPS from continuing operations provide useful information regarding underlying trends in the company's continuing operations.  Management expects  equity-based compensation and amortization expenses to be recurring costs and presents non-GAAP operating income, adjusted EBITDA, non-GAAP net income from continuing operations and non-GAAP diluted EPS from continuing operations to exclude these non-cash items, as well as non-recurring items that are unrelated to the company's ongoing operations, including the impact of purchase accounting adjustments related to deferred revenue, non-recurring tax adjustments and related interest, excise and sales tax expense, excise and sales tax interest, restructuring costs, asset impairments, net legal settlements and related expenses, acquisition-related costs and foreign exchange transaction gains and losses. These non-cash and non-recurring items are presented net of taxes for non-GAAP net income from continuing operations and non-GAAP diluted EPS from continuing operations.

(2) Business combination accounting principles require us to write-down the deferred revenue associated with software licenses and related support contracts assumed in our acquisitions. The revenue for these support contracts is deferred and typically recognized over a one-year period, so our GAAP revenue for the one-year period after an acquisition does not reflect the full amount of revenue that would have been reported if the acquired deferred revenue was not written down to fair value. The non-GAAP adjustment eliminates the effect of the deferred revenue write-down.  We believe this adjustment to the revenue from these contracts is useful to investors as an additional means to reflect revenue trends of our business.

(3) Represents the impact of foreign exchange transaction gains and losses included in the Statements of Operations in "Other, net."

(4) Column totals may not sum due to the effect of rounding on EPS.

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited, in thousands, except per share data)

(continued)

Prior Year Quarter Constant Currency Adjustments (5)

	Quarter-to-date							Year-to-date
	Q2 - 15 (Constant currency)		Impact of fluctuations in foreign currency exchange rates			Q2 - 15 (Actual)		Q2 - 15 (Constant currency)		Impact of fluctuations in foreign currency exchange rates			Q2 - 15 (Actual)
	(Unaudited, in thousands, except per share data)							(Unaudited, in thousands, except per share data)
Net Revenue	$	150,291	$	(5,987	)	$	144,304	$	298,072	$	(11,446	)	$	286,626
North America Net Revenue	$	92,065	$	(414	)	$	91,651	$	183,229	$	(833	)	$	182,396
Europe Net Revenue	$	41,406	$	(4,107	)	$	37,299	$	82,530	$	(7,971	)	$	74,559
Asia Pacific Net Revenue	$	16,820	$	(1,466	)	$	15,354	$	32,313	$	(2,642	)	$	29,671
Non-GAAP Operating Income	$	19,328	$	(310	)	$	19,018	$	36,921	$	(877	)	$	36,044
Adjusted EBITDA	$	28,514	$	(604	)	$	27,910	$	54,941	$	(1,433	)	$	53,508
Non-GAAP Net Income from Continuing Operations	$	11,911	$	(220	)	$	11,691	$	22,734	$	(628	)	$	22,106
Non-GAAP Diluted EPS from Continuing Operations	$	0.27	$	(0.01	)	$	0.26	$	0.50	$	(0.01	)	$	0.49

(5) Management also presents the non-GAAP financial measures described under note 1 above, as well as net revenue and segment net revenue, on a constant currency basis compared to the same period in the previous year (Q2-14 QTD or YTD) to exclude the effects of foreign currency exchange rates, which are not completely within management's control, in order to facilitate period-to-period comparison of the company's financial results without the distortion of these fluctuations. These constant currency adjustments convert current QTD and YTD results using prior period (Q2-14 QTD and YTD) average exchange rates.

Sequential Quarter Constant Currency Adjustments (6)    

	Q2 - 15 (Constant currency)		Impact of  fluctuations in foreign currency exchange rates			Q2 - 15 (Actual)
		(Unaudited, in thousands)
Net Revenue	$	144,345	$	(41	)	$	144,304

(6) Management also presents net revenue on a constant currency basis compared to the prior quarter (Q1-15) to exclude the effects of foreign currency exchange rates, which are not completely within management's control, in order to facilitate period-to-period comparison of the company's financial results without the distortion of these fluctuations.  These constant currency adjustments convert current quarter results using prior period (Q1-15) average exchange rates.

Organic Growth (7)            

	June 30, 2014		Impact of fluctuations in foreign currency exchange rates			Acquisitions		Organic net revenue growth			June 30, 2015		Organic net revenue growth rate
	(Unaudited, in thousands, except percentages)
Net Revenue, Three Months Ended	$	144,287	$	(5,717	)	$	10,552	$	(4,818	)	$	144,304		-3.3	%
Net Revenue, Six Months Ended	$	287,526	$	(10,953	)	$	19,486	$	(9,433	)	$	286,626		-3.3	%

(7) Management defines "organic growth" as revenue changes excluding the impact of foreign currency exchange rate fluctuations and acquisitions made during the periods presented and presents this non-GAAP financial measure to exclude the effect of these items that are not completely within management's control, such as foreign currency exchange rate fluctuations, or do not reflect the company's ongoing core operations or underlying growth, such as acquisitions.

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Unaudited, in thousands, except per share data)

(continued)

UC&C SaaS and Resold Services Revenue (8)  

	Q1-13		Q2-13		Q3-13		Q4-13		FY 2013		Q1-14		Q2-14		Q3-14		Q4-14		FY 2014		Q1-15		Q2-15
UC&C SaaS revenue, as reported	$	7,149	$	7,827	$	8,901	$	9,706	$	33,583	$	10,733	$	11,996	$	13,029	$	16,977	$	52,735	$	18,746	$	20,469
Adjustment (8)		-		-		-		-		-		-		-		-		435		435		276		201
UC&C SaaS non-GAAP revenue		7,149		7,827		8,901		9,706		33,583		10,733		11,996		13,029		17,412		53,170		19,022		20,670
Resold services revenue	$	16,775	$	16,650	$	16,053	$	15,618	$	65,096	$	16,118	$	15,356	$	15,234	$	14,313	$	61,021	$	13,036	$	12,495

(8) Adjusted for the impact of purchase accounting related to deferred revenue. See footnote 2.