by Carol Wilson
CenturyLink isn't yet reaping major financial awards from its investment in cloud and hosting technologies, but company officials told financial analysts today that they remain confident of the company's strategy and expect to see better revenues this year.
After an earnings uptick in the third quarter pleasantly surprised analysts, CenturyLink Inc. (NYSE: CTL)'s core revenues were down 1.5% year-over-year in the fourth quarter, hitting $4.05 billion. CenturyLink defines "core" revenues as the combination of its legacy revenues with strategic revenues, which include high-bandwidth data; managed, hosted and cloud-based services for business; and IPTV for consumers.
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