Concentric Earns $13.7 Million Revenue 4Q 1997
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Concentric Network Corp. (Nasdaq: CNCX), provider of network computing technologies and services, reported it earned $13.7 million in revenue fourth quarter 1997, an 84% increase compared to results posted the same period last year.
The company reported revenue of $7.4 million for the fourth quarter of 1996.
Of its total revenue for 4Q 1997, 32% was generated through Concentric's affiliation with WebTV Networks ("WNI"). WebTV Networks, provider of Internet access services via set-top devices, named Concentric in July 1996 as a preferred network service provider of dial-up access services (this relationship has since been renewed).
Additional customers include select Bay Area residents for Concentric's ADSL service; companies such as InfoGear Technology, First Data, and PlanetWeb for its virtual private network services; and Bloomberg LP for the delivery of Bloomberg's television news content to PCs via the Net.