GTT Named on Deloitte’s 2019 Technology Fast 500™ List of Companies
November 14, 2019
GTT has been listed among the fastest growing companies on Deloitte’s Technology Fast 500™. Its revenue grew 304 percent from 2015 to 2018, and it has previously ranked as a Technology Fast 500™ award winner in both 2017 and 2015...
GTT Reports Third Quarter 2019 Financial Results
November 12, 2019
GTT announced today its financial results for the quarter ended September 30, 2019. Third quarter highlights: Revenue of $420.0 million declined 6.4% compared to 3Q18, and declined 3.2% compared to 2Q19. The sequential revenue decline of 3.2% was attributable to a 0.9% decline in monthly recurring cash revenue, a 0.8% decline from foreign currency...
GTT Upgrades Key European Network Routes to Meet Growing Demand
October 29, 2019
GTT announced today the upgrade of its fiber network across several of its European routes. The network upgrades enhance the capacity and performance capability of GTT’s Tier 1 global IP network footprint for its enterprise and carrier clients...
GTT Announces Earnings Call for Third Quarter 2019
October 24, 2019
GTT today announced plans to release results for the third quarter, ended September 30, 2019, on Tuesday, November 12, 2019. In conjunction with the release, GTT has scheduled a conference call, which will also be broadcast live over the internet that day at 8:30 a.m. Eastern time...
GTT Delivers SD-WAN and SIP Trunking to Greenyard to Enable Cost-Efficient Cloud Strategy
October 15, 2019
Greenyard, a global market leader of fresh, frozen and prepared fruits, vegetables, flowers and plants, has selected GTT to provide managed SD-WAN service to 80 sites across Europe and North America...
GTT Announces Upcoming Departure of CFO
August 27, 2019
Mike Sicoli, GTT’s chief financial officer, will depart the company on September 30, 2019, having accepted a more senior role with a data center and cloud solutions provider. GTT has initiated a search for a new CFO and named Dan Fraser as the interim chief financial officer...
GTT Reports Second Quarter 2019 Financial Results
August 8, 2019
Financial results for second quarter 2019:
Q2 Revenue Grew 33% Year-Over-Year to $434 Million,
Q2 Net Loss of $33 Million,
Q2 Adjusted EBITDA Grew 50% Year-Over-Year to $112 Million.
Announces Free Cash Flow Target of $175–$200 Million for 2020.
Hires Advisor to Explore Sale of Certain Non-Strategic Assets.
Adopts Plan Designed to Protect NOLs...