Cogent Communications posted modest increases in off-net and on-net services revenue during the fourth quarter of 2020, though company executives acknowledged Cogent’s revenue growth is still being impacted by the Covid-19 pandemic.
In its quarterly report issued this morning, Cogent announced service revenue of $143.9 million for the fourth quarter of 2020, an increase of 1.1% from the previous quarter and about 2.6% year over year. The company also reported service revenue of $568.1 million for the full year of 2020, up 4% from the previous year. Results were positively impacted by changing foreign exchange values, according to Cogent.
