Story image

CenturyLink reports Q2 results for 2016

04 Aug 2016

CenturyLink has just reported its second quarter 2016 results.

The global communications, hosting, cloud and IT services company offers network and data systems management, Big Data analytics and IT consulting. It also operates more than 55 data centers in Asia, North America and Europe.  

According to CenturyLink, key findings from the report were:

  •  Achieved operating revenues of approximately $4.4 billion, including core revenues(1) of approximately $4.0 billion
  • Generated operating income of $650 million; operating cash flow(2) of $1.65 billion, excluding special items
  • Generated free cash flow(2,3) of $617 million, excluding special items
  • Achieved net income of $196 million and diluted EPS of $0.36; adjusted net income(2) of $342 million and adjusted diluted EPS(2) of $0.63, excluding special items

Glen F. Post, III is the chief executive officer and president of CenturyLink, he says the company delivered solid second quarter financial results with total operating revenues and core revenues in line with its guidance.

"Our new sales and marketing leadership team continues to refine our sales channels and associated go-to-market strategies for the Business market, and continues to pivot toward higher-value bundled solutions for the Consumer market,” says Post.

“While second quarter Consumer subscriber metrics were softer than anticipated, we expect to see an improvement in unit trends in the second half of the year.”

In regards to data center growth, the provider hasn't given any further information to address reports about selling its data center assets. 

Silicon Valley to lose its tech centre crown to global cities
A new survey of tech industry leaders found the majority believe it is likely the Valley will be usurped within four years by other cities around the world.
Hybrid cloud set to mitigate vendor lock-in within Thailand
IDC has released its top 10 predictions for Thailand's IT industry through to 2022.
French cloud giant sets up shop in two APAC data centres
OVH Infrastructure has expanded its public cloud services in the Asia Pacific (APAC) market operating from two data centres within the region.
SecOps: Clear opportunities for powerful collaboration
If there’s one thing security and IT ops professionals should do this year, the words ‘team up’ should be top priority.
Data center colocation market to hit $90b in next five years
As data center services grow in popularity across enterprises large and small, the colocation market is seeing the benefits in market size.
Google doubles down on hybrid cloud strategy
CSP is a platform that aims to simplify building, running, and managing services both on-premise and in the cloud.
OVH launches public cloud down under
OVH Public Cloud services is expanding to Australia out of two data centres - one in Sydney and one in Singapore.
Huawei invests in cloud deployment for Singapore
The company says its new strategic investment reflects growing demand for cloud service solutions across Asia Pacific.