WorldCom Reports Third Quarter 2000 Results - 500 Beiträge pro Seite

[Humble]

WorldCom Reports Third Quarter 2000 Results



Commercial Services Revenues Grow 19 Percent

Digital and International Revenue Growth of $1.1 Billion Unmatched in Industry




CLINTON, Miss., (October 26, 2000) -WorldCom, Inc. (NASDAQ:WCOM) today reported solid results in the third quarter ended September 30, 2000, driven by strength across the Company`s digital and international businesses.

This quarter WorldCom recognized after tax charges of $405 million associated with specific domestic and international wholesale accounts that are no longer deemed collectible due to bankruptcies, litigation and settlements of contractual disputes that occurred in the third quarter. For comparative purposes, the discussion excludes these charges.

Financial Highlights

Consolidated revenues for the third quarter increased 12 percent over last year`s comparable quarter, reflecting continued growth from global broadband services.
Operating income increased by $360 million or 16 percent from the third quarter of 1999 to $2.6 billion.
WorldCom`s commercial services achieved revenue growth of 19 percent over third quarter 1999.
Cash earnings (earnings before goodwill amortization) per share increased 21 percent year-over-year to $0.57 per common share.
Net income applicable to common shareholders increased 26 percent to $1.4 billion, or $0.47 per common share, up from $0.37 per share in the third quarter of 1999.
Quarter Highlights

Results for all periods have been adjusted to reflect classification changes for reciprocal compensation and COBRA (central office based remote access) equipment which are now being treated as offsets to cost of sales. Previously, WorldCom recorded these items on a gross basis as revenue. The change better reflects the Company`s migration to new "soft switch" technology where there is no cost settlement versus the traditional use of local switch termination, which did involve cost settlements. Results for all periods have also been adjusted to reflect the elimination of small business and consumer PICC (primary interexchange carrier charges).

Domestic data revenues grew $363 million or 23 percent to $2.0 billion. Sales of private line and frame relay services fueled the revenue increase as customers expand their networks. Local voice grade equivalents, which measure the capacity of local private line circuits, doubled reflecting continued strong demand for bandwidth.

Dedicated and other Internet revenues increased 51 percent, or $216 million, to $640 million, driven by robust demand for higher bandwidth connections and advanced services. Dedicated and advanced Internet services now represent 61 percent of total Internet revenues as companies continue to transition more of their business functions to the Internet. Hosting services once again posted triple-digit gains year-over-year.

International revenues, those originating outside of the U.S., increased by $463 million or 42 percent to $1.6 billion for the quarter driven by strong sales in Europe, as well as increasing revenues in the Asia-Pacific and Latin American regions. Excluding WorldCom`s interest in Brazilian communications company Embratel, international revenues increased by $194 million, or 44 percent, to $637 million.

During the quarter, WorldCom signed a definitive merger agreement with Intermedia Communications, Inc. whereby it will acquire a controlling interest in Digex, Inc., a leading provider of managed Web and application hosting services for some of the world`s fastest growing companies. The resulting combination will couple Digex`s impressive range of managed, enterprise and portal hosting solutions with WorldCom`s worldwide facilities-based networks and relationships with leading businesses around the globe.
Outlook

Commenting on the outlook for WorldCom, Bernard J. Ebbers, WorldCom president and chief executive officer, said, "With our ability to consistently generate industry-leading incremental digital and international revenues, we have intensified our efforts to become a more business-focused communications company. Our planning efforts to restructure our company into a data and Internet focused, high-growth business and a voice-based, high cash flow business are substantially complete. We look forward to communicating the details of this exciting new strategy on November 1, 2000."

Forward Looking Statements

This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management`s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market and regulatory factors. More detailed information about those factors is contained in WorldCom`s filings with the Securities and Exchange Commission.

ABOUT WORLDCOM

WorldCom (NASDAQ: WCOM) is a preeminent global communications company for the digital generation, operating in more than 65 countries. Global revenues in 1999 were $36 billion, with $15 billion from high-growth data, Internet and international services. WorldCom provides the innovative technologies and services that are the foundation for business in the 21st century. For more information go to http://www.wcom.com

WorldCom will conduct a conference call to discuss its financial results today, Thursday, October 26 at 9:00 AM (Central Time). The call will be available to all investors on the Internet at http://www.wcom.com/investor_relations/.

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[ChrissyI]

Das ist doch im Bereich derErwartungen oder liege ich da falsch?

[Micky_Mouse]

47 Cent pro Aktie, waren die Flüsterschätzungen nicht bei 49? Sieht nicht so gut aus für WCOM.