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...
GTT Enhances SD-WAN with Universal CPE to Improve Agility and Performance
July 30, 2019
GTT has expanded its SD-WAN service by adding the capability to run multiple network applications on a single universal customer premises equipment (uCPE) device. uCPE enables more cost-effective and efficient delivery of network services...
GTT Announces Earnings Call for Second Quarter 2019
July 25, 2019
GTT today announced plans to release results for the second quarter, ended June 30, 2019, on Thursday, August 8, 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...
Independent Study Highlights Productivity Gains from GTT SD-WAN
July 18, 2019
Today GTT announced the results of a Total Economic Impact study conducted by Forrester. It examines the business benefits and ROI generated by GTT SD-WAN. Analysis found that by using GTT SD-WAN, an enterprise can generate an ROI of 213% and investment payback period of less than six months...
GTT to Acquire KPN International
July 8, 2019
GTT announced today a definitive purchase agreement to acquire KPN International, a division of KPN N.V. headquartered in Netherlands, for approximately €50 million in cash, on a cash and debt-free basis. KPN International operates a global IP network serving enterprise and carrier clients...
GTT Reports First Quarter 2019 Financial Results
May 8, 2019
Financial results for first quarter 2019:
Q1 Revenue Grew 73% Year-Over-Year to $450 Million.
Q1 Net Loss of $27 Million.
Q1 Adjusted EBITDA Grew 95% Year-Over-Year to $122 Million...