Tucows 2015 Annual Report Download - page 11

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Services and our Network Access Services customers are a very broad mix of consumers, small businesses and
corporations.
No customer represented more than 10% of our consolidated revenues in any of the last three fiscal years.
While web hosts and ISPs are capitalizing on the growth in Internet usage and the demand for new services, they
also face significant competition from numerous other service providers with competitive or comparable offerings. This
has led such web hosts and ISPs to focus on core competencies, as such resellers are increasingly seeking to outsource non-
core services. Outsourcing enables these resellers to better focus on customer acquisition and retention efforts by
eliminating the need to own, develop and support non-core applications in-house.
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https://www.sec.gov/Archives/edgar/data/909494/000143774916027177/tcx20151201_10...