tw telecom Reports Higher Profit, Revenues

tw telecom reported a higher profit the first quarter over the same period a year ago as its revenues climbed 6.9 percent.

The company reported net income of $12.6 million on revenues of $332.5 million. In the first quarter of 2010, tw telecom posted a profit of $4.5 million on revenues of $311.2 million.

Revenue grew primarily due to ongoing strong enterprise revenue growth, complimented by an incremental contribution from carrier revenue, partially offset by a decline in intercarrier compensation,” the company stated.

The Littleton, Colo.-based telecom provider had roughly 27,200 customers at the end of March.

Shares of tw telecom closed Tuesday at $22.05 on the NASDAQ and had hit a 52-week high around noon at $22.27.

tw telecom is a provider of managed voice and data networking solutions for businesses.

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