Growth Slows at Zayo Group Holdings
Businesses across every sector of the economy have needed to modernize their information technology capabilities in order to keep up with their peers, and the companies that help to connect networks by providing key infrastructure assets have had a huge opportunity to cash in on those needs. Zayo Group Holdings (NYSE: ZAYO) has put together an impressive set of communications infrastructure assets in order to help its clients establish and maintain useful connections to take advantage of cloud computing, data analytics, and other important initiatives.
Coming into Monday's fiscal first-quarter financial report, Zayo investors were expecting the company to keep growing at a strong pace, continuing the positive momentum that it had seen in previous quarters. Zayo did grow, but the extent of that growth didn't quite live up to the hopes that its shareholders had for the communications infrastructure specialist. Let's look more closely at how Zayo Group Holdings did and what's coming down the road for the company.
Image source: Zayo Group.
Source: Fool.com
