tw telecom sees 1st quarterly profit since 2001

tw telecom rode its expanding fiber network for enterprise customers to a strong 8 percent increase in revenues for the second quarter, the company reported this week. The provider of managed voice and data networking solutions for business customers said revenues for the quarter totaled $290.2 million. The company also said it turned a profit of $699,000 for the quarter, the first profitable quarter it’s reported since 2001. A year ago, tw telecom (formerly Time Warner Telecom) had sales of $268 million and reported a loss of $9 million.

Some $19 million of the $22 million increase in revenue the company reported came from Internet data sales. The company also said cost cutting helped improve cash flow.

“We delivered strong results this quarter, which included achieving positive net income and continued levered free cash flow creation,” said Larissa Herda, tw telecom’s Chairman, CEO and President. “We continue to focus on mission critical needs of enterprise customers and believe tw telecom is well positioned for the long term with the strength of our fiber based network, innovative cost effective solutions, the ability to win market share and a strong balance sheet.”

For more:
-See the release

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