Business
Interliant losses soar
ASP Interliant has reported a $151.2m year-end loss for fiscal 2000 - 200 per cent up on the losses for the previous year.
ASP Interliant has reported a $151.2m year-end loss for fiscal 2000 - 200 per cent up on the losses for the previous year.
Fourth quarter results for the New York-based firm showed a $44.1m net loss, or 86 cents per share, compared to a loss of $16.4m, or $0.37 per share for the same quarter in fiscal 1999. However, revenue grew to $158.1m - a year-on-year increase of £111m. Herb Hribar, president and CEO of Interliant, said in a statement: "Our fourth quarter revenue performance reflects growth in ASP revenue, partially offset by a decline in web-hosting."