BOULDER – Fast-growing Boulder-based telecommunications firm Zayo Group Holdings Inc. (NYSE: ZAYO) swung to profit during the fiscal quarter ending Sept. 30, with net income of $15.7 million.
The company reported its earnings for the first quarter of its 2017 fiscal year after markets closed on Tuesday.
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The profit amounted to 6 cents per share. It came after a loss of $15.2 million, or 6 cents per share, during the same period a year ago, and it followed a loss of $30.9 million during the quarter ending June 30 of this year.
Sales leaped 38 percent year-over-year to $504.9 million.
Before the earnings report came out, Zayo shares climbed 1.2 percent in Tuesday trading.
The earnings came one day after the company announced that it had purchased a 26,900-square-foot data center in Santa Clara, Calif., the company’s first in Northern California, an area where Zayo has one of its most extensive metro dark fiber footprints.
BOULDER – Fast-growing Boulder-based telecommunications firm Zayo Group Holdings Inc. (NYSE: ZAYO) swung to profit during the fiscal quarter ending Sept. 30, with net income of $15.7 million.
The company reported its earnings for the first quarter of its 2017 fiscal year after markets closed on Tuesday.
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Demystifying Your Balance Sheet - For Business Owners
Tap into your company’s potential by taking some of the mystery out of your balance sheet. At Elevations Credit Union, helping our business members optimize their financial performance is exactly what we do.
The profit amounted to 6 cents per share. It came after a loss of $15.2 million, or 6 cents per share, during the same period a year ago, and it followed a loss of $30.9 million during the quarter ending June 30 of this year.
Sales leaped 38 percent year-over-year to $504.9 million.
Before the earnings report came out, Zayo shares climbed 1.2 percent in Tuesday trading.
The earnings came one day after the company announced that it had purchased a 26,900-square-foot data center in Santa Clara, Calif., the company’s first in Northern California, an area where Zayo has one of its most extensive metro dark fiber footprints.
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