Short Take: Concentric revenue jumps
Internet Protocol-based network service provider Concentric Network saw its first-quarter revenue grow 80 percent, to $16.5 million, including revenue from its recent acquisition of Internex. A year ago, the company reported revenue of $9.2 million. The net loss for the current quarter was $20.2 million, or $1.43 per share, compared with a loss, on a pro-forma basis, of $14.7 million, or $2.17 per share, a year ago.
Internet Protocol-based network service provider saw its
first-quarter revenue grow 80 percent, to $16.5 million, including revenue
from its recent acquisition of Internex. A year ago, the company reported
revenue of $9.2 million. The net loss for the current quarter was $20.2
million, or $1.43 per share, compared with a loss, on a pro-forma basis, of
$14.7 million, or $2.17 per share, a year ago.
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