View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data Centre
November 8, 2010

AboveNet Q3 revenue up 13% to $104m

Reports operating income of $29.1m

By CBR Staff Writer

AboveNet has reported total revenue of $104m for the third quarter of 2010, an increase of 13% compared to $92.4m for the same period last year.

For the quarter ended 30 September 2010, the company posted an operating income of $29.1m, an increase of 16.4% compared to $25m of the same period a year ago.

The company reported a decrease of 24% in net income of $17.2m, or $0.66 per diluted share, as compared to net income of $22.7m, or $0.88 per diluted share for the third quarter of 2010.

EBITDA for the third quarter of 2010 was $47.2m, compared to $40.7m for the third quarter of 2009.

Adjusted EBITDA margin for the third quarter of 2010 was 45.5%, compared to 44% of the same period a year ago.

AboveNet CEO Bill LaPerch said the company continued to make progress with their growth initiatives during the third quarter, and still expect to have four new markets operational by year end.

Content from our partners
The growing cybersecurity threats facing retailers
Cloud-based solutions will be key to rebuilding supply chains after global stress and disruption
How to integrate security into IT operations

"By opening new markets and further leveraging our capabilities in existing markets, we are placing the company in a strong position to sustain its current revenue growth rates," LaPerch said.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU