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4-Traders Homepage  >  Equities  >  Nyse  >  Centurylink Inc    CTL

Delayed Quote. Delayed  - 09/30 04:54:10 pm
27.59 USD   +0.25%
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Centurylink : Frost & Sullivan Recognizes CenturyLink with Asia Pacific Hybrid IT Strategy Award for the second consecutive year

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09/29/2016 | 06:12pm CEST

By a News Reporter-Staff News Editor at China Weekly News -- CenturyLink, Inc. (NYSE: CTL) has received the 2016 Asia Pacific Hybrid IT Strategy Award for the second consecutive year from Frost & Sullivan, a global growth consulting firm. The award, based on Frost & Sullivan's in-depth research and careful evaluation, recognizes CenturyLink's outstanding ability to deliver an integrated and comprehensive hybrid IT portfolio that includes cloud, colocation, managed hosting, network and managed services to meet rising demands for highly automated, efficient, reliable and flexible IT services.

http://photos.prnewswire.com/prnvar/20140806/134213

According to Frost & Sullivan, hybrid IT is fast becoming the new normal across organizations in Asia Pacific. The increased utilization of data centers and cloud services in Asia Pacific has led to a gradual update or upgrade of companies' existing IT systems, which is giving rise to the hybrid IT environment. An enhanced customer experience and greater focus on business model innovation is also driving service providers to accelerate their pace of service innovation.

CenturyLink is a leading global hybrid IT solutions provider that powers the needs of 98 per cent of Fortune 500 companies. Frost & Sullivan analysts determined that CenturyLink's leadership in product innovation, coupled with a sound marketing and business development strategy, brought it to the top of the pack.

Sandeep Bazaz, Industry Analyst, Digital Transformation, Asia Pacific at Frost & Sullivan, said that CenturyLink has continued to invest in developing enterprise-class solutions to better serve the changing needs of business and also improve its service portfolio by acquiring companies in service lines of managed services, disaster recovery, cloud application management and database as a service. CenturyLink also provides cost-effective solutions and a strong partner ecosystem that has helped grow its customer base in the Asia Pacific region.

Last year, Frost & Sullivan also presented CenturyLink with the Company of the Year Award for the North American Cloud Industry, in addition to the Asia Pacific Hybrid IT Strategy Award.

"Frost & Sullivan's continued recognition is a clear testimony to CenturyLink's relentless pursuit of excellence and innovative capabilities to meet and exceed the expectations of our customers," said Gery Messer, managing director, Asia Pacific, CenturyLink. "We have a strong team and the right assets in place to help our customers embark and progress on their hybrid IT journey."

CenturyLink's increased commitment to Asia Pacific is reflected in the launch of the CenturyLink Cloud platform in Australia and its exclusive business partnership to provide advanced hosting and managed IT services to enterprises in India (Nxtra Data) earlier this year.

Keywords for this news article include: Asia, China, CenturyLink Inc..

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC

(c) 2016 NewsRx LLC, source Geographic Newsletters

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Financials ($)
Sales 2016 17 552 M
EBIT 2016 2 865 M
Net income 2016 818 M
Debt 2016 19 427 M
Yield 2016 7,80%
P/E ratio 2016 18,56
P/E ratio 2017 18,95
EV / Sales 2016 1,96x
EV / Sales 2017 1,96x
Capitalization 15 025 M
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Mean consensus HOLD
Number of Analysts 16
Average target price 30,2 $
Spread / Average Target 9,6%
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NameTitle
Glen F. Post President, Chief Executive Officer & Director
William Arthur Owens Non-Executive Chairman
R. Stewart Ewing Chief Financial Officer & Executive Vice President
William E. Bradley Chief Information Officer & Senior Vice President
Aamir Hussain Chief Technology Officer & Executive VP
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