Cbeyond revenue up 28%, but profit falls

Atlanta-based service provider Cbeyond reported an increase in first-quarter revenue of about 28 percent to $80.5 million, from $63 million a year ago. However, quarterly profit was down from $2.7 million in the first quarter of 2007 to $1 million in the same period this year.

Still, the company posted an increase in customer sign-ups, and re-affirmed its financial outlook for the rest of 2008. That re-affirmation comes after the carrier had lowered its 2008 revenue outlook following its fourth-quarter 2007 earnings report back in February.

For more:
- see this Associated Press report at Forbes

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