Windstream revenues down 2 percent in first quarter
Friday, May 09, 2014 11:58 AM
Windstream Corp. on Thursday reported first-quarter revenues of $1.5 billion in the first quarter, a decline of 2 percent from the same period a year ago, the company said in an earnings release. The telecommunications firm provides advanced network communications, including cloud computing and managed services, to businesses nationwide and offers broadband, phone and digital TV services to mainly rural consumers. Excluding carrier service revenue, business service revenue was $748 million, largely flat year-over-year. Data and integrated services grew 3 percent in the first quarter from the same period a year ago, while data center and managed services revenues increased 23 percent. Enterprise customer locations grew 3 percent from the same period a year ago, and average revenue per business customer increased 8 percent year-over-year. The Arkansas-based company, which cut its workforce by 400 employees in the first quarter, affirmed its revenue guidance for the year within a range of a 2.5 percent decline to a 1 percent increase as compared to 2013 revenue.