Close
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News

      Green Light

      Written by

      John Mulqueen
      Published January 29, 2001
      Share
      Facebook
      Twitter
      Linkedin

        eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

        Revenue and profit margins for optical carriers targeting businesses are skyrocketing, while Internet companies delivered mixed results.

        Broadwing, the company formed after Cincinnati Bell bought IXC Communications in November 1999, said total revenue for 2000s final quarter rose 27 percent to $561 million, and 23 percent for the year to $2 billion.

        Data supplied 70 percent of the growth in broadband-generated revenue for the quarter and 52 percent of total revenue growth, said Kevin Mooney, chief financial officer at Broadwing.

        Qwest Communications International, the carrier that bought U S West, echoed the trend. Internet and data service revenue rose almost 40 percent to more than $1 billion in the quarter and generated 70 percent of total revenue growth in the quarter. Qwest reported revenue of $5 billion, up 10 percent for the quarter.

        Qwest has 14 data centers in operation and plans to add 10 more this year. Its operating profit rose 20 percent to $2 billion for the last three months and 17 percent for the year to $7.4 billion, on a 14 percent increase in revenue to $19 billion.

        Broadwing, Qwest and other carriers, including Level 3 Communications, are leveraging the lower cost of newer equipment and more efficient networks, said Andrew Hamerling, a securities analyst at Bank of America Montgomery Securities.

        “Broadwing is rock-solid,” Hamerling said. “The management team is very smart and know how to execute on the business side. They target small to medium-size business and some of the Fortune 500.”

        Still, Hamerling said that when Level 3 has its network up and running completely this year there will be more pricing pressure than Broadwing has experienced so far.

        Gary Jacobi, a securities analyst at Deutsche Banc Alex. Brown, said transport is a commodity and prices will continue falling. “It is only a matter of time before there is seriously disruptive pricing” from new carriers, he said.

        Dot-coms, meanwhile, produced a mixed bag for the quarter. Brio Technology, a business intelligence software vendor, said revenue rose 14 percent to $38.9 million and that it lost $260,000 vs. a $3.9 million loss a year ago. WebTrends, another business software company, said revenue jumped 175 percent to $20.4 million and profits 169 percent to $3.1 million.

        Flower seller FTD.coms revenue rose 38 percent to $32.5 million and it was profitable for its second straight quarter. Internet content deliverer Akamai Technologies said its revenue was up 1,300 percent from a year ago and it narrowed its losses slightly to $303 million.

        But Autobytel.com, an internationally branded online seller of new and used vehicles, said revenue rose 35 percent to $16.8 million and it lost $3.3 million.

        John Mulqueen
        John Mulqueen

        Get the Free Newsletter!

        Subscribe to Daily Tech Insider for top news, trends & analysis

        Get the Free Newsletter!

        Subscribe to Daily Tech Insider for top news, trends & analysis

        MOST POPULAR ARTICLES

        Artificial Intelligence

        9 Best AI 3D Generators You Need...

        Sam Rinko - June 25, 2024 0
        AI 3D Generators are powerful tools for many different industries. Discover the best AI 3D Generators, and learn which is best for your specific use case.
        Read more
        Cloud

        RingCentral Expands Its Collaboration Platform

        Zeus Kerravala - November 22, 2023 0
        RingCentral adds AI-enabled contact center and hybrid event products to its suite of collaboration services.
        Read more
        Artificial Intelligence

        8 Best AI Data Analytics Software &...

        Aminu Abdullahi - January 18, 2024 0
        Learn the top AI data analytics software to use. Compare AI data analytics solutions & features to make the best choice for your business.
        Read more
        Latest News

        Zeus Kerravala on Networking: Multicloud, 5G, and...

        James Maguire - December 16, 2022 0
        I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
        Read more
        Video

        Datadog President Amit Agarwal on Trends in...

        James Maguire - November 11, 2022 0
        I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
        Read more
        Logo

        eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

        Facebook
        Linkedin
        RSS
        Twitter
        Youtube

        Advertisers

        Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

        Advertise with Us

        Menu

        • About eWeek
        • Subscribe to our Newsletter
        • Latest News

        Our Brands

        • Privacy Policy
        • Terms
        • About
        • Contact
        • Advertise
        • Sitemap
        • California – Do Not Sell My Information

        Property of TechnologyAdvice.
        © 2024 TechnologyAdvice. All Rights Reserved

        Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

        ×