Wednesday, August 8, 2007

Global Crossing Records Q2 Revenue of $547 million, up 19% YoY

Global Crossing reported $547 million of consolidated revenue, $266 million of adjusted gross margin and $8 million of adjusted cash EBITDA for the second quarter.

"Through continued sales success and management's actions in the second quarter, our business is gaining momentum, as reflected in our improved financial performance worldwide," said John Legere, Global Crossing's chief executive officer. "The acquisitions of Impsat and Fibernet contributed as we anticipated during the quarter, giving us a glimpse into the full-blown synergies we'll reap from these key parts of our business as we approach full integration."

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