Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q1 2020 Earnings Conference Call May 7, 2020 8:30 AM ET
Company Participants
Dave Schaeffer – Chairman and Chief Executive Officer
Jean-Michel Slagmuylder – Acting Chief Financial Officer
Conference Call Participants
Philip Cusick – JPMorgan
George Engroff – Crédit Suisse
Frank Louthan – Raymond James
Walter Piecyk – LightShed
Colby Synesael – Cowen
Nick Del Deo – MoffettNathanson
Brandon Nispel – KeyBanc
Tim Horan – Oppenheimer
Bora Lee – RBC Capital Markets
Mike McCormack – Guggenheim Partners
Operator
Good morning, and welcome to the Cogent Communications Holdings First Quarter 2020 Earnings Conference Call. As a reminder, this conference call is being recorded. It will be available for replay at www.cogentco.com.
I would now like to turn the call over to Mr. Dave Schaeffer, Chairman and Chief Executive Officer of Cogent Communications Holdings. Please go ahead.
Dave Schaeffer
Good morning, and thank you very much. Welcome to our first quarter 2020 earnings conference call. I’m Dave Schaeffer, Cogent’s Chief Executive Officer. And with me on this morning’s call is Jean-Michel Slagmuylder, our Acting Chief Financial Officer.
We are pleased with our results for the quarter and continue to be optimistic in the underlying strength of our business and our outlook for 2020 and beyond, even with the impact and uncertainty of the COVID-19 pandemic. Our quarterly gross margin reached the company record high of 60.5%. It increased sequentially by 20 basis points, an increase year-over-year by 70 basis points.
Our EBITDA margin for the quarter increased 30 basis points from the first quarter of 2019 to 35.8%. On a constant currency basis, we achieved sequential revenue growth of 0.6%. And year-over-year, quarterly revenue growth of 5.6%. A reduction in Universal Service fee excise taxes for this quarter reduced our revenue by approximately $600,000.
On a constant
- Read more current CCOI analysis and news
- View all earnings call transcripts