Feb 4 (Reuters) - Fibre-optic cable provider Lumen Technologies LUMN.N reported fourth-quarter revenue above Wall Street estimates on Tuesday, driven by rising demand for data centers amid the AI boom.
As the need for cloud computing and AI heightens, Lumen has benefited from increased investments in data centers to support AI applications, which require significant computing power.
The telecommunications company has signed deals worth more than $8 billion with cloud and tech companies such as Alphabet's GOOGL.O Google, Microsoft MSFT.O, Amazon Web Services AMZN.O and Meta Platforms META.O for its networking solutions.
In a bid to phase out its traditional mass markets business and reduce its considerable debt, Lumen initiated a process to sell its consumer fiber operations, Reuters had reported in December, citing sources.
The Monroe, Louisiana-based company also forecast its full-year 2025 free cash flow to range from $700 million to $900 million, compared to analysts' estimates of $126.6 million, according to data compiled by LSEG.
Lumen Technologies reported revenue of $3.33 billion for the fourth quarter ended Dec. 31, above estimates of $3.20 billion.
(Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi)
((Juby.Babu@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。