Lumen Tech's Q1 Blowout: Alkira Acquisition, Revenue Surge

Lumen Technologies delivers robust Q1 results, surpassing Wall Street expectations with $2.9 billion revenue. They acquire Alkira for $475 million to enhance digital capabilities, expecting long-term earnings boost. Private connectivity fabric and digital offerings drive growth, with adjusted loss per share wider than forecast but revenue surge impressive. Lumen raises full-year free cash flow outlook to $1.9-$2.1 billion, expanding Anthropics fiber network and securing nearly $13 billion in private connectivity contracts. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9d5eb7176accb95e