GTT Communications (GTT) Misses Q2 EPS by 26c

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Go back to GTT Communications (GTT) Misses Q2 EPS by 26c

GTT Reports Second Quarter 2015 Financial Results

August 6, 2015 8:00 AM EDT

Revenue Nearly Doubles Year-over-Year to $95.1 Million

Adjusted EBITDA Grows 128% Year-over-Year to $19.5 Million

Adjusted EBITDA Margin Reaches 20.5%

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 second quarter ended June 30, 2015. Highlights include:

Second Quarter

Revenue increased 97.9% from second quarter 2014. Gross margin expanded by approximately 720 basis points to 45.9% compared to 38.7% in second quarter 2014. Adjusted Earnings before Interest... More