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Web Hosting Provider DSL.net Announces 4th Quarter and End-of-Year Results |
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April 3, 2006 – (HOSTSEARCH.COM) – DSL.net (http://www.dsl.net), a broadband communications provider whose services include web hosting, has announced its 4th quarter and end-of-year results for 2005. Fourth quarter revenue was $10.9 million compared to $14.2 million for the fourth quarter of 2004. Revenue for the whole of 2005 was $49.0 million, compared to $60.8 million in 2004.
"While revenue has declined, primarily as a result of certain former cost-cutting efforts associated with the restructuring of our sales program, our fourth-quarter results demonstrate that we are making strides in balancing overall cost containment goals with prudent and strategic sales and operational initiatives," suggested David F. Struwas, President and Chief Executive Officer of DSL.net. "We continue to focus our efforts on leveraging our core assets to position the company as an attractive player in the broadband data and integrated VoIP (Voice over Internet Protocol) sectors in the Northeast/Mid-Atlantic corridor. Our pilot program for a new integrated VoIP and data offering called Duet(SM), launched in the first quarter of 2006, has been well-received. Further, we recently completed plans to move our corporate headquarters from New Haven to Wallingford, CT, and consolidate other operations that will result in annualized office lease savings of approximately $850,000 beginning June 1, 2006."
DSL.net is a leading provider of broadband communications services to businesses throughout the USA. Offering a nationwide network infrastructure, the company is an Internet Service Provider (ISP) offering high-speed Internet access, private network solutions and value-added services. Alongside broadband communications and web hosting, the company’s offerings include T-1, DS-3 and business-class DSL services, virtual private networks (VPNs), frame relay, DNS management, enhanced e-mail, online data backup and recovery services, firewalls, dial-up services, and integrated voice and data offerings. |
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