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Article: iBasis Reports Strong Growth in Preliminary Third Quarter 2009 Results.
- Article from:
- Telecommunications Weekly
- Article date:
- November 11, 2009
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iBasis, Inc. (NASDAQ: IBAS), a KPN affiliate, announced preliminary results for the third quarter ended September 30, 2009.
Revenue for the third quarter of 2009 was $251.8 million, compared to $241.3 million for the second quarter of 2009 and $338.0 million for the third quarter of 2008.
The Company has not yet finalized its review of foreign exchange gains and losses, net of tax effect, for the third quarter and nine months of 2009. In addition, it is reasonably likely that we will have to restate our results of operations for the second quarter of 2009, to reflect foreign exchange adjustments that are currently recorded in our preliminary third ...