Sponsored By

WorldCom Issues Q4 Projections

Fourth quarter year-over-year revenue growth is expected to be in the 7 to 9 percent range

November 1, 2000

1 Min Read

CLINTON, Miss. -- WorldCom, Inc. (NASDAQ: WCOM) today announced performance expectations for the fourth quarter of 2000 and full-year 2001 based on results to date. The Company issued new financial guidance due to continuing competitive pressures in the telecommunications industry, increased spending to support the Company's growth initiatives and other economic factors.

Consolidated WorldCom, Inc. fourth quarter year-over-year revenue growth is expected to be in the 7 to 9 percent range. The Company currently expects fourth quarter revenue growth of approximately 12 to 14 percent for the WorldCom businesses and essentially flat for the MCI businesses. Consolidated WorldCom, Inc. revenue growth is expected to be in the 7 to 9 percent range for full year 2001. Full year 2001 revenue growth is expected to be between 12 and 15 percent for WorldCom and flat to negative 2 percent for MCI. WorldCom is expecting a compound annualized revenue growth rate of 14 to 16 percent through the 2005 time frame. Intense pricing pressures, unfavorable foreign exchange rates and the shift of consumer voice to wireless technologies are negatively affecting revenue growth.

http://www.worldcom.com/about_the_company/press_releases/display.phtml?cr/20001101-2

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like