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Q9 Returns to Growth.
2005-09-09, HostMan.biz Web hosting provider Q9 Networks (q9networks.com) announced on Thursday it had earned $690,000 in the third quarter, bouncing back from a loss of $1.3 million reported for the same period last year. Earnings for the three months ending July 31 amounted to three cents per share, compared to the previous year's loss of six cents. The gains came as revenue escalated by 52 percent, jumping from $6.59 million to $10 million, and ending the quarter with $74.1 million in cash. "Demand across all service offerings increased during the period," says Q9 Networks chief executive Osama Arafat. "Existing customers accounted for a significant portion of our incremental revenue growth." |
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