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Article: Internap Reports Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Internet Weekly News
- Article date:
- November 16, 2009
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Internap Network Services Corporation (NASDAQ: INAP) reported third quarter 2009 financial results. Improvements in segment profit1, adjusted EBITDA1, and cash flow reflect the company's actions to strengthen operations and focus on profitable revenue opportunities.
"We see early signs of progress as we delivered profitable growth with $7.6 million in adjusted EBITDA during the quarter," said Eric Cooney, President and Chief Executive Officer of Internap. "Further, we have achieved several important milestones in the turnaround of Internap's business including: halting two years of quarterly declining segment margins; allocating $22 million for Seattle data ...