Originally posted on Data Center POST
Global Cloud Xchange (GCX), a network service provider powering global connectivity for new media providers, telecom carriers and enterprises, has revealed key financial and operating results highlighting steady growth over the past year. After successfully completing their audit, the company unveiled strong cash flow for Fiscal Year 2021 (FY21) during a live webcast held Thursday, July 8 at 9AM ET.
Through the pandemic, GCX stabilized revenue following the previous four consecutive quarters of decline, and strengthened cash flow while positioning the company for future financial growth. The earnings call revealed cash revenue grew by 6.6 percent to $271.2 million led by strong Recurring Revenue and IRU sales.
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