TWTC boosts revenues, decreases net loss in Q4
Time Warner Telecom (TWTC) reported a net loss of $5.3 million, or 4 cents per share, in the fourth quarter of 2007, compared with a net loss of $24.8 million, or 18 cents per share, in the year-ago quarter – a 79 percent decrease.
Revenue for the quarter was $279.5 million, compared with $238.8 million for the fourth quarter of 2006, representing a year-over-year increase of $40.7 million, or 17 percent.
TWTC ended the fourth quarter with 31,638 total customers, an increase of just 122 customers year-over-year.
“We continue to compete well for enterprise opportunities due to our strong value proposition that combines lower cost of ownership product solutions with our focus on customer service,” said Larissa Herda, TWTC’s chairman, CEO and president. “This strategy has helped us to drive sales momentum, grow cash flow and capture market share. We remain focused on leveraging our national footprint and robust product portfolio to further penetrate the enterprise market place.”
TWTC began its business in 1993 as a joint venture with Time Warner Cable (TWC). In July 1998, TWTC became a separate entity apart from TWC.
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