TORONTO – TeraGo credited customer upgrades and recurring service revenue for jumps in revenues and profits for the third quarter. For the period ended September 30, the company posted revenue of $13.2 million, up 7% from $12.3 million in Q3 2012. The increase largely resulted from a greater number of customer locations, as well as existing customers upgrading their Internet and data connections. Approximately 98% of Q3 2013 revenue was recurring service revenue. Net earnings increased by 125% from $1.6 million to $0.7 million in the quarter, while EBITDA was $5.0 million, up 22% from $4.1 million in the same period...
