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TW Telecom’s second-quarter profit soared on a $227.3 million tax benefit, while revenue growth topped Wall Street’s expectations on strong gains from enterprise customers.
The Douglas County-based company, formerly known as Time Warner Telecom, also notched increases in revenue for data and Internet services, network and voice services.
TW Telecom posted a profit of $242.3 million, or $1.43 a share, up from $5.9 million, or 4 cents a share, a year earlier.
Revenue grew 5.2 percent to $316.8 million.
