LONDON, December 11 /PRNewswire/ --
Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider, today announced third quarter financial results for its subsidiary, Global Crossing (UK) Telecommunications Limited (GCUK).
Highlights
GCUK generated 82 million pounds in revenue in the third quarter, with adjusted gross margin of 68 percent or 56 million pounds and adjusted IFRS EBITDA of 21 million pounds. (Adjusted gross margin and adjusted IFRS EBITDA are both non-GAAP metrics that are defined and reconciled below.) The company also generated 14 million pounds in cash from operations.