TeraGo reports lower revenue and earnings in Q1 2020

TORONTO — Cloud, colocation and connectivity services provider TeraGo reported lower first quarter revenue and earnings saying it was partly due to the Covid-19 pandemic’s effect on its business. “Like most businesses, we were impacted by the Covid-19 crisis as it spread through Canada,” said Tony Ciciretto, president and CEO of TeraGo, in the news release. “However, the impact to TeraGo was less than most because our solutions are critical to our customer’s operations even as they temporarily closed operations and transitioned to a remote work environment.” In the release, the company highlighted its pandemic response plan which prioritizes the...