PacNet Q2 revenues up 10% year-on-year

29 Aug 2007

Singapore-based independent internet communications service provider Pacific Internet Limited (PacNet), today reported its second quarter results for the quarter ended 30 June 2007, with revenues rising 10% year-on-year to USD34.33 million. Net income was USD690,000 for the quarter, a 3% rise on the same period a year ago. PacNet said its Corporate Business division was the primary growth driver, contributing 82.5% of total sales in the period under review. At the end of June the company reported around 125,000 corporate customers and said efforts to target the sector were bearing dividends. ‘During this quarter, we rolled out more SME-targeted services such as PacNet @Office, Global Security-in-the-Cloud, Global Internet Virtual Private Network (VPN) and PacNet Vocal. All these services help our SME customers be more efficient, communicate better and to have more secure networks, among many other benefits,’ said Mr. Phey Teck-Moh, President and CEO of PacNet. Revenues from outside of Singapore rose by 68% y-o-y, reflecting PacNet’s growing position in the region as an international service provider, he said.

Singapore, Pacnet Singapore (including OSINet)