Network services provider Colt has reported flat sales and earnings for the third quarter, with revenues up just 0.6% to €396m.
EBITDA was also up 0.6% to €83.4m, buoyed by stabilising voice sales and growth in datacentre services.
However, despite the lack of substantial growth, CEO Rakesh Bhasin said there was still plenty of room for optimism.
"We are pleased with the results for the third quarter amid challenging economic times. As I indicated in July, we are starting to see evidence of growth in our bookings trend in the third quarter and do not see any significant change in our trading conditions at this time," he said.
"While the impact of these bookings is unlikely to have a significant impact until 2012, we expect to see a continuance of the third quarter trend in revenues over the balance of the year."
Earlier this week Colt extended its VMware based enterprise cloud services proposition into Europe and revealed it is on the hunt for distributors to market white-label vClouds.