“Our performance this quarter reflects both consistency and innovation,” said Larissa Herda, tw telecom’s Chairman, CEO and President. “We achieved solid comprehensive financial results, including our 31st consecutive quarter of revenue growth, as well as strong margins and cash flow. We also delivered game changing new Intelligent Network services and further advanced new Ethernet capabilities. We’re focused on delivering advanced networking services for customers’ growing complex needs, including enabling cloud applications, to continue our track record of strong revenue growth.”
Some highlights:
- Grew enterprise revenue 2.1% sequentially and 10.9% year over year
- Grew data and Internet revenue 3.2% sequentially and 15.4% year over year
- Data & Internet now represents 50% of revenue, driven primarily by strategic Ethernet and VPN-based product revenue
- The company had approximately 27,600 customers as of June 30, 2012. Customer churn 4 was 1.0% for the current quarter that is consistent with both the prior quarter and the same quarter last year. The Company ended the second quarter with over 28,000 fiber route miles (of which approximately 21,000 were metro miles).
- Capital expenditures of $80.8 million for the quarter were up slightly compared to the prior quarter of $79.1 million and decreased from $90.9 million for the same period last year, with the majority of the investments in each period related to success-based initiatives.
