CNET también está disponible en español. Don't show this again. Revenue for the first quarter rose 143 percent to $133.3 million, from $54.7 million a year ago. Additionally, the company said that it is exploring various strategic options, including a spin-off or subsidiary initial public offering, of its Internet communications services group. In a statement, IDT said it "intends to organize and restructure its businesses to provide for increased shareholder value.". The company claims it is in discussions with various advisors and strategic partners, including a "major media conglomerate with extensive holdings in leading Internet companies," to provide investment.
Revenue from IDT's Net2Phone rose 36 percent quarter-to-quarter to $5.3 million, or 212 percent from the year-ago quarter, The company said more than 1 million calls have been placed over its Net2Phone technology, which enables users to place calls to any telephone in the world via the Internet, Shares rose 5 percent to close at 20.375 iphone case purse before the earnings report was released after the bell, IDT stock has risen as high as 40.25 and as low as 11.875 in the past 52 weeks, Reuters contributed to this report..
The telecommunications company reports first quarter earnings in line with expectations and announces its intent to spin off its Internet communications group. The Hackensack, New Jersey-based company earned $4.8 million, or 14 cents per share, in line with consensus estimates according to First Call. IDT earned $1.9 million, or 8 cents, in the year-ago period. Earnings before interest, taxes, depreciation and amortization were $13.5 million, compared to $4.1 million a year ago. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
CNET también está disponible en español, Don't show this again, In making the move, Trachtenberg will be iphone case purse leaving a company whose consumer Internet push is in limbo and will be going to a company that is reinventing itself after losing its top online position amid new Internet companies, MCI, a major player in current telcommunications merger fervor, earlierthis year sold its Internet business to Cable & Wireless at the behest of federal antitrust regulators, But MCI is not giving up on the Net business, MCI spokeswoman Kelly Seacrist said, "We are certainly going to be in the Internet business," she said, "We're committed to that market."..
The company has retained a dominant role in business Internet services and backbone communications through its UUNet division, acquired by WorldCom about a year before the MCI merger. Its plans for the consumer market are less clear, however. Seacrist failed to be more specific but a message on the MCI Web site says the company is in the process of developing a new home Internet service, which is expected to be available within the next few months. Already, the company has announced plans to roll out a nationwide high-speed digital subscriber line (DSL) network by the end of the year, targeting both business and home users.
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