(Source: Datamonitor)
tw telecom, a provider of managed voice, internet and data networking solutions, has reported a net income of $7.7 million, or $0.05 per diluted share, for the third quarter ended September 30, 2009, compared to a net loss of $186,000, or $0 per diluted share, in the third quarter of 2008.
For the third quarter of 2009, total revenues were $304.8 million, a 5% increase, compared to $291.62 million in the third quarter of 2008.
For the first nine months ended September 30, 2009, total revenues were $903.46 million, a 5% increase, compared to $864.37 million in the same period of 2008. Net income was $16.49 million, compared to a net loss of $8.16 million in the same period of 2008.
Larissa Herda, chairman, CEO and president of tw telecom, said: "We grew revenue, achieved strong margins and generated increased cash flow, while maintaining healthy liquidity, demonstrating the strength of our model and our ability to execute. We believe our continued investment in our people, products and infrastructure has been instrumental to maintaining growth throughout this recession and positions us well for when the economy recovers."
A service of YellowBrix, Inc.
