Aug 5, 2002 : Primus Australia Reports Q2 Results

📅 August 5, 2002 - Primus Telecommunications Group subsidiary Primus Telecom Australia (primustel.com.au) announced on Monday that it has released its financial results for the second quarter.

The company says it recorded a net profit of $7.8 million, Australian, in the second quarter of 2002, a 46 percent increase over $5.4 million in the first quarter. In the second quarter of 2001, the company recorded a loss of $4.8 million.
Primus Australia reported second quarter EBITDA of $18.7 million, an increase of 290 percent over the $4.8 million reported in the same quarter last year and a 15 percent increase over the $16.2 million reported in the first quarter of this year.
"Our results for the second quarter further demonstrate the benefits that are flowing from our business restructuring program and our renewed focus on profitable growth," says Greg Wilson, managing director and chief operating officer of Primus Telecom Australia. "A strategic review of the business in the first quarter identified critical drivers to improve our overall operations. Having aligned our services and support teams to address profitability and improvements in customer satisfaction, we are seeing the early results of this strategy."

Reads: 1709 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/pri080502.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news

📅 Aug 4, 2002 - Documents Provided to Karl Auerbach - Marina del Rey, California, USA (4 August 2002) -- The litigation between ICANN and one of its Directors, Karl Auerbach, has been an unfortunate episode. While all ICANN documents and records are and have always been available for inspection by all its Directors, ICANN did not believe that Mr. Auerbach, or any other single Director, should have the unilateral right to decide, regardless of the views of the rest of ICANN's Board, which of these documents should be published and which should be kept confidential. Mr. Auerbach took the posi

📅 Aug 4, 2002 - Second Update on .org Reassignment Process - This is an update on the status of the evaluation of the eleven applications ICANN received from entities seeking to become the registry operator for the .org top-level domain on 1 January 2003, when VeriSign, Inc. gives up that role. For more information, see the previous update that was published on 25 July 2002.Current Status and ScheduleThe ...

📅 Aug 2, 2002 - Global Media Online Hosts Deskwing Service - Email, Web hosting and other Internet service provider in Japan, Crayfish Co. (crayfish.co.jp) said on Thursday that its board of directors has approved an agreement with Global Media Online Inc. (gmo.jp) whereby GMO will host its Deskwing service. Following the company's July 2001 business revival plan, says Crayfish, it has shown significant improvement in net income. As part of the company's ongoing efforts to strengthen its business model, clarifying its mid-to-long term outlook and maximizing value, Crayfish has decided to outsource the administration and maintenance of servers supporting its Deskwing service and related operations to GMO. GMO, says Cr

📅 Aug 6, 2002 - BellSouth Files Suit Against AIN - Data and communications service provider BellSouth Corporation (bellsouth.com) charged competitive carrier Access Integrated Networks Inc. (accesscomm.com) on Monday with using false and misleading sales practices, saying that it is filing a motion in US District Court seeking an injunction against the company. BellSouth says it is asking the court to stop AIN from infringing on its trademarks and from falsely associating BellSouth with its products and services. "We've attempted to resolve our concerns with AIN directly but, unfortunately, to no satisfactory conclusion," says David Scobey, president of BellSouth Small Business Services. "The intent of the

📅 Aug 6, 2002 - Digex to Cut 20 Percent of Workforce - Managed Web hosting provider Digex Incorporated (digex.com) said on Tuesday that it would lay off 200 employees, or 20 percent of its work force, in an effort to cut its expenses. Digex's cost-cutting measures come following the bankruptcy of telecommunications giant WorldCom, which owns a stake of more than 90 percent in the Web hosting firm. Digex currently relies heavily on WorldCom for funding, a part of the relationship that WorldCom's bankruptcy could make difficult. WorldCom has said, however, that the bankruptcy filing will not affect Digex. Digex says the layoffs will be concentrated on parts of the business not focused on customer ser

📅 Aug 6, 2002 - Citrix Announces New Incentive Programs - Citrix Systems, Inc. (citrix.com), a leader in virtual workplace software and services, announced it will adopt an open licensing model, reduce its current channel relationships, and offer incentive programs for U.S. resellers who are focused on adding value to customers and increasing demand for Citrix products. In a move designed to give Citrix Solutions Network (CSN) members greater support, Citrix will launch a new channel incentive program to support U.S. partners who deliver value to customers in their initial exposure to Citrix products and manage customer satisfaction over the deployment and use of Citrix products. Citrix offers two families of products that