Cogent Communications (NASDAQ: CCOI)Reports Revenues $73.5 vs. $71.46M Estimate

Cogent Communications Group CCOI today announced service revenue of $73.5 million for the three months ended March 31, 2011, an increase of 5.8% over $69.5 million for the three months ended December 30, 2010 and an increase of 17.0% over $62.8 million for the three months ended March 31, 2010. On-net revenue was $56.8 million for the three months ended March 31, 2011, an increase of 5.9% over $53.6 million for the three months ended December 31, 2010 and an increase of 14.4% over $49.6 million for the three months ended March 31, 2010. On-net service is provided to customers located in buildings that are physically connected to Cogent's network by Cogent facilities.