Verizon Business reported positive year-over-year revenue growth in Q1, saying it outpaced other major U.S.-based enterprise carriers. The company also posted both year-over-year and sequential revenue growth for strategic services such as Private IP, Ethernet and managed services both for the past quarter and every quarter since Verizon Business was created in January 2006.
Verizon Business highlighted several significant enhancements that were rolled out as part of its global network. Specific actions included:
- An enhancement and deepening of Verizon Business' Private IP global footprint and expanded availability of Ethernet Private Line service to an additional six European countries.
- Introduced a much-anticipated Ethernet Virtual Private LAN Service (E-VPLS), which enables businesses and government agencies to extend their Ethernet local area networks and link their offices and work locations.
- Extended SLAs for managed WAN services to Latin America.
- Expanded its network-based Denial of Service security offering to Europe; launched of Managed Web Content Services, which halt Internet threats such as phishing, spyware, malware and viruses; and introduction of its Secure Gateway - Firewall (custom) service, which for the first time enables U.S.-based multinational customers to centrally adjust security policies in real time across their global IP networks.
- Deployed additional next-generation routers during the first quarter to enhance its global MPLS network.
- Expanded its network infrastructure capability to enable more than two-thirds of the U.S. population to use local and long-distance VoIP services, a more than twofold increase in the Verizon Business' U.S. VoIP footprint.
- Filed a landing license application with the FCC to become the U.S. landing operator of the Trans-Pacific Express cable system between the United States and mainland China.
- Improved its public IP network capabilities by implementing a new regional peering agreement in the Asia-Pacific region that will enhance performance and reduce latency for large-business and government customers in this region.
- Named as a prime contractor for the U.S. General Services Administration's 10-year, multibillion-dollar Networx Universal program.
- Completed a new agreement with the state of California to provide services under the state's CALNET 2 program and, internationally, the Danish Foreign Ministry extended its existing global Verizon Private IP network agreement.
- Completed significant agreements during the quarter with companies including Bear Stearns, COOP Systems, Englobal, Harleysville Insurance and Rent-A-Center.
