Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q2 2020 Earnings Conference Call August 6, 2020 8:00 AM ET
Company Participants
David Schaeffer - Chairman, CEO & President
Sean Wallace - CFO & Treasurer
Conference Call Participants
George Engroff - Credit Suisse
Colby Synesael - Cowen & Company
Michael Rollins - Citigroup
Frank Louthan - Raymond James
Nicholas Del Deo - MoffettNathanson
Walter Piecyk - LightShed Partners
Brandon Nispel - KeyBanc Capital Markets
Bora Lee - RBC Capital Markets
Philip Cusick - JPMorgan Chase
Operator
Good morning, and welcome to the Cogent Communications Holders Second Quarter 2020 Earnings Conference Call. As a reminder, this conference call is being recorded. And it will be available for replay at www.cogentco.com. A transcript of this conference call will be posted on the same website when it becomes available.
I would now like to turn the call over to Mr. Dave Schaeffer, Chairman and Chief Executive Officer of Cogent Communications Holdings.
David Schaeffer
Thank you, and good morning to everyone. Welcome to our second quarter 2020 earnings conference call. I'm Dave Schaeffer, Cogent's CEO. And with me on this morning's call is Sean Wallace, our Chief Financial Officer.
We continue to be optimistic about the underlying strength in our business, the growing importance and breadth of our network, and most importantly, the increasing profitability of our operations. We remain confident in our outlook for 2020 and beyond even with the continuing impact and uncertainty due to the COVID-19 pandemic. On a constant currency basis, we achieved sequential quarterly revenue growth of 0.2% and year-over-year revenue growth for the second quarter of 5.1% on a constant currency basis. A reduction in universal service fees, excise taxes and the rate associated with them this quarter reduced our sequential quarterly revenues by $450,000.
On a constant currency basis and adjusting
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