Zayo returns to profit for fourth quarter
BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) rode a 22 percent jump in sales to a $5.1 million profit in the fourth quarter of its fiscal year, the Boulder-based bandwidth-infrastructure company reported Friday.
The profit figure, translated to 2 cents a share, was up from a loss of $73 million in the same quarter of 2014. Revenue for the quarter that ended June 30 increased to $361.9 million, compared with $340.7 million in the fourth quarter of 2014.
At the end of the quarter, Zayo had $308.6 million in cash and $440.8 million available under its revolving-credit facility.
Shares of Zayo ended the day down 1.1 percent at $28.84. The company lannched its initial public offering last October.
BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) rode a 22 percent jump in sales to a $5.1 million profit in the fourth quarter of its fiscal year, the Boulder-based bandwidth-infrastructure company reported Friday.
The profit figure, translated to 2 cents a share, was up from a loss of $73 million in the same quarter of 2014. Revenue for the quarter that ended June 30 increased to $361.9 million, compared with $340.7 million in the fourth quarter of 2014.
At the end of the quarter, Zayo had $308.6 million in cash and $440.8 million available…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
