Zayo Group has announced results for the three and nine months ended March 31, 2012. The Company has experienced sequential quarterly revenue and Adjusted EBITDA growth since inception. Third quarter growth was a function of both acquisition related and organic growth. The third quarter operating results of Zayo Group include the operating results of 360networks Holdings, a provider of bandwidth infrastructure which was acquired by the Company on December 1, 2011 and the operating results of MarquisNet Holdings, a provider of colocation services which was acquired by the Company on December 31, 2011. Also contributing to the third quarter growth was the continued trend of positive net installations.
Financial Highlights (FY 2012 Q3 compared to FY 2012 Q2) included Zayo Group generated quarterly revenue of US$105.0 million; a US$16.0 million sequential quarter increase representing 72% annualized sequential quarter growth; Gross profit for the quarter increased by US$13.0 million from the previous quarter, reaching US$82.7 million with a gross profit percentage of 79% and adjusted EBITDA for the quarter was US$53.9 million, which was US$8.8 million higher than the prior quarter, representing a 78% annualized increase
Source: SYS CON