GTT reports stable FY19 results
GTT Communications has reported stable FY19 financial results amid plans to sell much of its pan-European infrastructure assets.
In an exclusive, Capacity reported in February that GTT was planning to sell the former Interoute and Hibernia Express infrastructure it acquired.
Along with today’s financial results the company confirmed these reports saying that it plans on exploring the “divestiture of its infrastructure division” that will likely include its “pan-European fibre assets, subsea transatlantic fibre and data centre infrastructure” which the GTT acquired as part of its Interoute and Hibernia acquisitions.
In addition, GTT is in the process of separating out the income statement and assets of the divestiture but the infrastructure division is expected to deliver revenues of between US$370 - $390 million with EBITDA of between $160 - $180 million.
According to the financial results, the company experienced growth of 15.9% in revenues year-on-year compared to 2018, reaching $1.7 billion. It also managed to reduce its losses for the year bringing it down to $105.9 million compared to $243,4 million in 2018.
The telco says the loss is due to numerous non-recurring costs including $36 million in exit, transaction and integration costs, as well as $31.4 million in changes to interest rates swaps.
Interestingly capital expenditure for the year increased to $102.2 million, accounting for 5.9% of revenue, compared with the $77.7 million it spent in 2018 which accounted for 5.2% of revenue.
It was a slightly different picture for its Q$19 results. Revenues were down 6.8% at $423.9 million compared to Q418 but was a slight improvement on Q319 of 0.9%.
The net loss for the quarter came in at $19.1 million compared to $53 million in Q418 and $26.2 million in Q319.
Adjusted EBITDA for the same period fell to $102.8 million representing a decline of 12.3% compared to 4Q18 and but was an increase of 0.4% compared to 3Q19.
- Lead Cyber Security Incident Response Consultant.
- United Kingdom
Seeking skilled and passionate UK-based individual for a Lead Cyber Security Incident Response Consultant opportunity 3 core skillsets for the role Hands on technical incident response (triage and planning). Business consultancy (engaging with clients). Commercial awareness. Being able to engage in business growth conversations. Consultancy experience is an essential as it the ability to visit clients and the office. Additional experience will include, but not be limited to: Developing incident response strategies, guides and procedures for effective incident handling Proactive and reactive defense plans based on cyber threat actors' techniques Offering guidance, supervision, and fostering opportunities for team development Significant career development opportunities for the right individuals.
- OUTSIDE IR35 Contract- Functional tester- SC clearance Microsoft Windows Server
- Outside IR35 contract
Front End Functional tester with SC clearance needed for an Outside IR35 project. Current valid SC clearance is required Experience with functional testing with exchange, sharepoint, SQL and other applications relating across a windows server Migration to 2019. Must be able to get to Central London 3 days a week. Jira, Wiki documentation and automation experience highly desirable.
- ForgeRock Consultant- UK
- United Kingdom
- Upto £100,000 plus benefits
ForgeRock Consultant/ Architect is require for niche consultancy who are looking to expand their presence within the UK/European Market Looking for a lead IAM architect, ideally with ForgeRock experience but would consider other vendors, But looking for someone who is able to advice and consultant with Clients but have the implementation background so they can get involved in projects as and when needed. Key duties will be: Provider IAM consultancy to clients, with a focus on ForgeRock Product stack ·Responsible for the design and implementation of ForgeRock solutions ·Install and configure ForgeRock stack to meet customer authentication and authorization requirements, ·Design and implement OAuth2 protocol using ForgeRock OpenAM, ·Design and develop OpenAM custom authentication modules, ·Configure ForgeRock stack to protect RESTful API, ·Troubleshoot and support ForgeRock IAM stack. This is a great role to join a niche play as they look to kick of their European expansion
- ForgeRock Consultant- Netherlands
ForgeRock Consultant required for 6 Month Contract This will be a mix of on site and home based, so need people to be based in the Netherlands We are looking for a lead ForgeRock Technical Consultant/ Architect with strong experience of ForgeRock to lead a new deployment project. ·Responsible for the design and implementation of ForgeRock stack ·Install and configure ForgeRock stack to meet customer authentication and authorization requirements, ·Design and implement OAuth2 protocol using ForgeRock OpenAM, ·Design and develop OpenAM custom authentication modules, ·Configure ForgeRock stack to protect RESTful API, ·Troubleshoot and support ForgeRock IAM stack. ·Designed and developed Restful APIs, This is a great project with an expanding leading IAM player within Europe, We are looking for someone with the above experience, who is comfortable hitting the ground running and taking on the reins at the start of a project