TeraGo results reflect ongoing strategic shift

TORONTO – Business connectivity supplier TeraGo’s 2017 financial results show decreases across the board as the company shifts its focus."In the fourth quarter, we continued to make progress with our shift to higher growth cloud and colocation service offerings and our turnaround is well on track," said Tony Ciciretto, president and CEO of TeraGo, in the company’s press release. "As evidenced by record cloud and colocation backlog monthly recurring revenue at the end of the fourth quarter, stable churn rates, and stable ARPU, we believe the strategic investments made in 2017 have positioned TeraGo for improved financial performance in 2018."Total...