West Corp. 4th-quarter profit up 36%

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Posted: Friday, January 31, 2014 12:00 am | Updated: 11:09 am, Tue Mar 25, 2014.

West Corp., a provider of conference calls and other communications services, said Thursday that fourth-quarter profit rose 36 percent.

The Omaha-based employer of about 2,000 people in the metro area said adjusted net income was $63.6 million, or 75 cents a share, up from $47 million, or 74 cents a share, a year earlier. Revenue was little changed at $688 million.

Adjusted net income, an unofficial but widely followed metric, removes one-time items such as expenses related to last year’s sale of shares to the public. Earnings-per-share numbers were also affected by the IPO, with 85 million shares currently outstanding, up about 34 percent from a year earlier.

Shares of West have risen about 23 percent over the March 2013 IPO price of $20.

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