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Article: AboveNet Reports Third Quarter 2009 Adjusted EBITDA of $40.7 Million on Revenue of $92.4 Million.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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AboveNet, Inc. (NYSE: ABVT), a leading provider of high-bandwidth connectivity solutions, announced results for the third quarter and nine months ended September 30, 2009.
"In the third quarter, we maintained this year's industry-leading pace of revenue and EBITDA growth. We continued to create operating leverage by layering revenue from new installations onto our recurring revenue base," said Bill LaPerch, President and Chief Executive Officer.
"Domestic lit services continued to drive our growth, with Metro Ethernet services showing particularly strong gains," added LaPerch. "Even in the face of ongoing budget constraints, AboveNet's high performance ...