Corvis Reports Q2 Results

Corvis Corporation reports Q2 results with $142.1 million in revenue

August 5, 2004

1 Min Read

COLUMBIA, Md. -- Corvis Corporation (NASDAQ: CORV), a leading provider of intelligent optical networking solutions, today reported revenues of $142.1 million for its second fiscal quarter ended June 30, 2004. Revenues for the second quarter were generated primarily from communications services revenues recorded by its subsidiary, Broadwing Communications LLC, as well as from equipment sales.

“We made progress in our targeted Broadwing growth areas this quarter while our overall services revenue held essentially steady in the turmoil created by larger competitors struggling to maintain market share,” said Dr. David Huber, Corvis chairman and CEO.

“Our ability to minimize losses in commodity areas like domestic and international wholesale voice -- and grow in targeted growth areas including data and broadband -- shows the soundness of our long-term strategy. The market volatility actually raised the interest in Broadwing’s premier, state-of-the-art network, robust product offering and superior customer service. We are focusing on capitalizing on these opportunities and are succeeding in selling deeper into existing customer accounts, winning new business from larger competitors as well as making progress with our new market initiatives to expand our offering,” Dr. Huber said.

Corvis Corp.

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