news


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.


Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Polls

In our Channel Influencer Awards digital issue, we highlighted eight technologies ready to "take off" in the channel this year. Which two will take off the most?

View Results

Loading ... Loading ...
The ID is: 83377