Infonet announces Q3 results

7 Feb 2003

US-based Infonet has reported a 28% year-on-year increase in revenues for the third quarter of fiscal 2003 to USD198 million; network services accounted for the largest share of turnover, contributing USD84 million, up from USD76 million. Operating income for the three months to the end of December stood at USD32 million, compared with a loss of USD9 million in the same period of the previous financial year, while capex for the quarter totalled USD15 million, down from USD36 million. Infonet added 148 new client service contracts in Q3, 76 of which were with new customers.