Dallas, Texas 10/21/2013 (Financialstrend) – WINDSTREAM HOLDINGS, INC. (NASDAQ:WIN) is a $5.8 billion market capitalized technology service provider for the telecommunications industry. The S&P tracked tech provider had accounted for sales of $6.08 billion over the past 12 months and registered net income of $137 in the same period. It has been one of the few large caps which have managed to payout of $1 dividend over the past 1 year which translates to an annualized yield of 11.63%.
Much of this return in share holder value is being accomplished by the company by keeping its product offerings current in order to meet the evolving needs of its customer base. In context would be last week’s announcement by the Little Rock based company that one of its 100% owned subsidiary “Windstream Hosted Solutions” has managed to get its “cloud and on demand data centre” operations certified to meet standards set by “payment card industry”. Readers should note that the PCI standards over the years have incrementally gone through upgrading to meet the greater security needs of card payments today. These PCI security standards dictate to the application vendors the security benchmarks that they need to scale up to. The current announcement talks of Windstream’s on demand and pay per-use applications and data centres being fully compliant with PCI DSS standards.
Commenting on this latest development, Senior VP Chris Nicolini, who heads Windstream’s data centre operations, has commented that “As businesses continue to store, process, and transmit credit card information in data centres, we must work to minimize the risk of security breaches that impact customers while also putting businesses at risk of critical data loss and monetary liability. Windstream has proactively met this service provider responsibility, alleviating some of the compliance obligations and costs placed on individual businesses.” At close of business on October 18, the stock of the company was trading at $8.6 per share.