More Earnings: Cbeyond, Terremark, FiberTower

The last few days have been a deluge of Q2 2010 earnings reports, here are a few comments on several of them:

Competitive service provider [company id=”cbey”] reported Q2 revenues of $111.8M, up from $110.5M in the prior quarter.  That was a bit lighter than expected due to lower ARPU, which according to the company traces to pressures from the economic climate.  EBITDA of $18.4M was down slightly from $18.6M in the prior quarter, but still managing to hold EBITDA margins at 16.5% – still in the new, higher range.  However, the company reduced its forecast for 2010 revenue to growth of 9-10%, previously 10-13%.

On the datacenter front, [company id=”tmrk”] reported revenues of $79.0M for its first fiscal quarter of 2011, up 20% over the same quarter last year but down sequentially from $82.5M in the prior quarter.  Despite that, this was on the high end of the company’s guidance.  EBITDA of $19.2M was inline with guidance as well.  The company’s cloud computing services grew to an annualized rate of $26.0M, up 19% from the previous quarter and now apparently approaching 10% of revenues – negligible no longer.  For the second quarter they expect revenues of $80-83M and EBITDA of $20-22M.

And the pure wireless backhaul play [company id=”ftwr”] continued to strive for sustainability, checking in with revenues (net of termination revenues) of $18.1M, up from $17.2M in the prior quarter and $15.6M in the same quarter last year.  EBITDA, also excluding those termination revenues, was $-1.0M, slightly better than $-1.9M in the prior quarter.  That is edging closer to positive EBITDA, but there is still some distance to go for FiberTower to reach the scale they need.