Net income grew to $1.6 million this quarter from $1.2 million the
Axia's French business won two new regional networks that will increase
its addressable market by 32% once deployed.
Total bandwidth usage grew 13% quarter over quarter.
CALGARY, Feb. 14, 2012 /CNW/ - Axia NetMedia Corporation (Axia) today announced the results for its second quarter of fiscal 2012 for
the period ended December 31, 2011.
The unaudited interim condensed consolidated financial statements for
the quarter ended December 31, 2011 and related Management's Discussion
& Analysis (MD&A) have been reviewed and approved by Axia's Audit Committee and Board of
Directors. Axia recognizes that the majority of its investors are now
accessing Axia's corporate and financial information either through
pushed news services, directly from Axia's corporate website or SEDAR.
Thus, Axia has prepared this truncated news release to alert investors
to its results and that a more detailed explanation and analysis is
readily available in the MD&A. These reports have been filed on SEDAR
at www.sedar.com and also posted at www.axia.com.
Summary of Q2FY12 Consolidated Financial Information
($000s except per share amounts)
Income from investment under equity accounting
Net income attributable to common shareholders
Net income per share (diluted)
Consolidated revenue for the second quarter of fiscal 2012 was $17.7
million, a decrease of $0.3 million (2%) from $18.0 million for the
prior quarter. This relates to a decrease in Connection Services
revenue in Europe, for the most part, offset by organic growth of NGN
Services. Net income attributable to common shareholders grew 40% to
$1.6 million ($0.02 per fully diluted share) for the quarter from $1.2
million ($0.02 per fully diluted share) for the prior quarter.
Axia's Conference Call Scheduled
A conference call for the investment community will be held Wednesday,
February 15, 2012 at 3 p.m. (Eastern) and 1 p.m. (Mountain). Axia
Chairman and CEO Art Price, Axia North America President and Executive
Vice-President Murray Sigler, and Chief Financial Officer Alan
Hartslief will participate.
To participate in the conference call, please dial (647) 427-7450 in
Toronto and internationally. If you are connecting from other parts of
Canada, dial 1-888-231-8191. Please call ten minutes prior to the
start of the call. A live webcast (listen only mode) of the conference
call will be available at:
A replay of the conference call will be available at (416) 849-0833 or
1-855-859-2056, passcode 48444764 from 6 p.m. (ET) Wednesday, February
15, 2012 to midnight (ET) Wednesday, February 22, 2012, or through the
webcast archives at http://www.newswire.ca.
Axia sells services over fibre optic communications infrastructure in
jurisdictions that have implemented the Axia NGN Solution. To date,
Axia has networks in Alberta, France, Singapore, Spain and
Massachusetts. Axia trades on the Toronto Stock Exchange under the
SOURCE Axia NetMedia Corporation
For further information:
For further information, please visit Axia's website at www.axia.com, or contact:
VP, Investor Relations and Communications
Axia NetMedia Corporation