Tuesday, July 26, 2011

Global Crossing Sees Q2 Revenues Rise 10% YoY

Global Crossing reported revenue of $692 million in the second quarter of 2011, an increase of 5 percent sequentially and 10 percent year over year. The company's strategic "invest and grow" services generated revenue of $622 million in the second quarter, an increase of 6 percent sequentially and 12 percent year over year. Global Crossing reported $96 million of OIBDA in the second quarter, compared with $84 million in the first quarter of 2011 and $93 million in the second quarter of 2010.

"Strong demand and continued enterprise-wide focus on customer experience drove solid progress toward the achievement of our annual guidance," said John Legere, chief executive officer of Global Crossing. "We are building strong operating momentum as we prepare for our strategic combination with Level 3."http://www.globalcrossing.com

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