Level 3, a major networks services and data center provider, announced its first quarter reports at the end of April. The organization, which operates over 250 carrier-neutral data centers across three continents, has had a strong outlook through its first quarter.
Overall, total revenue increased to $2.053 billion this quarter as compared to $2.003 billion in the first quarter of 2014. Net income was $122 million, and earnings per share rose to $0.35 per share from $0.30.
"We now expect full year 2015 Adjusted EBITDA growth of 14 to 17 percent, compared to our previous outlook of 12 to 16 percent. In addition, we expect to generate Free Cash Flow of $600 to $650 million for the full year 2015. This compares to our prior outlook of $550 to $600 million," said executive vice president and CFO of Level 3 Sunit Patel.
One of Level 3's unique offerings is its vast, interconnected network, which all of its data centers are connected to. This allows its California data centers to easily communicate with its Ohio data centers for their partner companies. In fact, all its operations around the world can share information easily thanks to their low-latency infrastructure.
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