Zayo group, a provider of bandwidth infrastructure and network-neutral colocation services, has reported net revenues of $79.7m for the third quarter of 2011, an increase of 35% compared to $58.9m for the same quarter of last year.
For the third quarter, the company registered gross profit of $58.6m, compared to $39.4m for the same quarter previous year, while gross profit percentage increased to 74% from 67%.
The company registered an operating loss of $4.9m, compared to an operating loss of $1.8m for the third quarter of fiscal 2010.
For the quarter ended 31 March 2011, the company posted a net loss of $16.7m, compared to net loss of $10.8m for the third quarter of 2010.
During the three months ended 31 March 2011, the company made net capital expenditures of $29.2m which included adding 309 route miles and 187 buildings to the network.
The company had $13.1m of cash and $94m available under its revolving credit agreement on 31 March 2011.
