Verizon Business Continues to Outpace Industry in Enterprise Revenue Growth

Verizon Business Continues to Outpace Industry in Enterprise Revenue Growth

Solid strategic execution powered by continuing product innovation and global network upgrades propelled Verizon Business to another quarter of positive year-over-year revenue growth that outpaced other major U.S.-based enterprise carriers. The company also posted both year-over-year and sequential revenue growth for strategic services such as Private IP, Ethernet and managed services both for the past quarter and every quarter since Verizon Business was created in January 2006.

“We maintained a sharp focus on expanding our strategic services offerings, enhancing global consistency among products and continuing to upgrade our network, and it’s definitely paying off,” said John Killian, president of Verizon Business. “Coupled with our unrelenting attention to consistent, high-quality customer care on a global basis, we expect to continue our efforts to grow our IP, managed and professional services.”

The strength of strategic services contributed greatly to Verizon Business’ success during the quarter, rising 22.8 percent from the first quarter 2006. This strategic services growth exceeded declines in revenues from core services, such as traditional voice and data services – an important crossover point. Sales of strategic services were also up sequentially, increasing 2.0 percent from the fourth quarter 2006.

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