MCI WorldCom hits $8.3 billion in first quarter

Pushed by Internet, international, and data communications offerings, MCI WorldCom last week reported $8.3 billion in first-quarter revenue, up from the $2.3 billion recorded in 1998.

That revenue excludes the acquisition of Embratel Participacoes, Brazil's former state-owned long-distance monopoly. With Embratel thrown into the mix, MCI WorldCom's revenue jumped to $9 billion.

The company reported quarterly net income of $709 million including Embratel, and $729 million in net income excluding that acquisition.

Internet, international, and data services business amounted to 70 per cent of MCI WorldCom's total new revenue. More than $800 million was attributed to those three services, accounting for more than 35 per cent of its communications services revenue.

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