GTT Communications (GTT) Tops Q1 EPS by 3c

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Go back to GTT Communications (GTT) Tops Q1 EPS by 3c

GTT Reports First Quarter 2015 Financial Results

May 7, 2015 8:00 AM EDT

Revenue Grew 31% to $62.4 Million

Adjusted EBITDA Grew 32% to $11.1 Million

MCLEAN, Va.--(BUSINESS WIRE)-- GTT Communications, Inc. (GTT) (NYSE: GTT), the leading global cloud networking provider to multinational clients, today announced its financial results for the first quarter ended March 31, 2015. Highlights include:

First Quarter

Revenue increased 31.4% from first quarter 2014, and increased 34.1% in constant currency Gross margin expanded 250 basis points to 39.5% compared to 37.0% in first quarter 2014 Adjusted Earnings before Interest Taxes Depreciation and Amortization (EBITDA)* increased by 32.4%... More