Friday, February 5, 2016

Level 3: Demand for Bandwidth Remains Strong

Level 3 Communications reported revenue of 2.053 billion for the fourth quarter 2015, compared to $2.052 billion for the fourth quarter 2014 and $8.229 billion for the full year 2015 compared to $8.123 billion for the full year 2014. In the fourth quarter 2015, the company generated net income of $3.323 billion and basic earnings per share of $9.33.

"Our 2015 results demonstrate Level 3's solid execution and performance," said Jeff Storey, president and CEO of Level 3. "Demand for bandwidth remains strong and the proliferation of connected devices continues. These demand drivers are creating an enterprise networking opportunity that is well suited for the depth, scale and reach of Level 3's global network and capabilities. We believe we are well positioned to continue to take enterprise market share."

Some highlights:

  • Grew Core Network Services revenue by 5.3 percent for the full year 2015, on a pro forma and constant currency basis
  • Grew Enterprise Core Network Services revenue by 7.2 percent for the full year 2015, on a pro forma and constant currency basis.

http://investors.level3.com

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