TORONTO – TeraGo’s plan to expand the company’s complementary services has brought positive results in the form of a record $12.8 million in revenue for the second quarter of 2013, an increase of 4% from the $12.3 million reported in Q2 2012.
EBITDA for TeraGo in the second quarter was $4.1 million, a 7% increase from the $3.9 million reported in the same quarter a year earlier. That figures does not include costs related to TeraGo’s acquisition of Data Centers Canada in May. Net profit increased 206% year-over-year to $2.1 million or $0.18 per basic share.
TeraGo’s net customer locations decreased by 40 in the second quarter compared to 83 net customer locations added in the same period in 2012. Customer locations increased by 1.4% to 6,523 compared to 6,434 at June 30, 2012, while ARPU for Q2 saw a slight increase to $627 from $624 for the same period in 2012.
TeraGo’s average monthly churn rate stayed much the same at 1.29% in Q2 2013 compared to the same period a year earlier.
“We’re very pleased that our strong financial performance continues well into 2013, with record revenue and net earnings and improved EBITDA,” TeraGo’s president and CEO Bryan Boyd said in a release. “As evidenced by our recent initiatives, we are vigorously implementing our enhanced business plan.”
