During Q2 2003, ITXC carried a total of 999 million minutes of IP telephony traffic, up from 778 million minutes in the second quarter a year ago and 884 million minutes in Q1 2003. Revenue per minute decreased from 9.2 cents in the first quarter to 8.4 cents in Q2 2003. Some other highlights:
- Since its inception ITXC has delivered over 8 billion minutes of voice traffic over its IP backbone.
ITXC's new SuperPoP in Germany now has 10 carriers connected and generated 32 million
minutes of traffic in its second quarter of operation.
ITXC traffic from India is growing although revenue and margins from traffic out of India has declined due to price erosion in that market.
ITXC turned away potentially high-margin business from Interactive Marketing Technologies during the quarter due to unacceptable credit risks.
ITXC reported quarterly revenues of $84.2 million, an increase of 27.6% from the same quarter of 2002 and a sequential increase of 3.1% from the first quarter in 2003. ITXC's net loss for the second quarter of 2003 was $11.9 million, or $0.28 per share. During the quarter, the company reduced its employee headcount by 10%.
