Verizon Business details its third quarter

On the day after parent Verizon posted its third quarter numbers, Verizon Business is providing details on how it put $5.4 billion into the bigger financial picture.

Focused on large business and government customers, Verizon Business reported its eighth consecutive quarter of year-over-year pro-forma revenue growth, with global enterprise revenue increasing 0.7 percent to $4.0 billion compared with the year-ago quarter.

"Strategic services" such as security solutions, IT solutions and professional and managed IP services continue to drive growth, generating $1.6 billion in revenue for a 15.4 percent increase from the third quarter in 2007.  The company added a new set of professional services to make the most of virtualization and teamed with Cisco to announce an expanded set of unified communications and collaboration tools. Verizon Business also added new managed WLAN service and new professional and managed services support for network access control (NAC).

Globally, Verizon Business announced it turned up the first phase of the Trans-Pacific Express submarine cable system and began a significant expansion of its operations in India to support the direct delivery of services to multinationals in that country, including IP nodes in Bangalore, Chennai, Hyderabad, Mumbai and New Delhi.

New customer deals include agreements with American Express, CA, The Coca-Cola Company, First Data, H&R Block, Husqvarna and Kuwait Petroleum International Ltd for a wide range of advanced communications and information technology solutions.

For more:
- Read the Verizon Business press release.

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