tw telecom (Nasdaq: TWTC) continues to see the benefits of the ongoing adoption of enterprise data and Internet services, particularly Ethernet, with $320.3 million in Q3 2010 revenues.
The competitive provider's results represent a 5 percent year over year increase from $304 million in the same quarter last year.
"We continue to see momentum in our business as we strategically position ourselves for growth," said Larissa Herda, tw telecom's Chairman, CEO and President in an earnings release. "We've demonstrated ongoing leadership with Ethernet and IP services, and we're further leveraging these areas through new product enhancements."
Data and Internet were the star performers in Q3, growing 16 percent year over year and 3 percent sequentially. In particular, Ethernet and managed VPN grew 28 percent year over year.
While still a small portion of its revenue mix, another area to watch at tw telecom is the wholesale side, where it reported a $1.0 million increase in revenue selling to other service providers, including a growing base of wireless operators buying wireless backhaul capacity.
Of course, there were inevitable losses on the voice side. As typical with much of the competitive and incumbent service provider industry, tw telecom's voice revenues declined 1 percent.
For more:
- see the release
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