Hawaiian Telcom said Thursday its first-quarter profit was down 84 percent due to continued investments in its fiber network.

The technology company said net income for the first quarter was $154,000, or 1 cent a share, compared with $975,000, or 9 cents a share, in the first quarter of 2015. Hawaiian Telcom’s revenue grew by $1.7 million to $98.8 million from $97.1 million a year ago.

“Hawaiian Telcom’s first quarter results reflect our continued success in delivering the right mix of strategic products and services that meet our customers’ unique and ever-evolving needs,” Scott Barber, Hawaiian Telcom’s president and CEO, said in a news release. “From high-bandwidth data services to integrated communications solutions including equipment, connectivity, co-location and a myriad of cloud services, Hawaiian Telcom is a proven leader in this solutions-based approach. As a result, our business revenue achieved a solid 4.4 percent growth year-over-year, driven by a 23 percent growth in business strategic services.”

Since 2010 the company has been investing in building and expanding its fiber network statewide as it has been transforming from its legacy business as a landline telephone company. Hawaiian Telcom offers services including Internet, video, voice, wireless, security and cloud services supported by its fiber network.

“Today we are seen as a fiber-based entertainment, communications and IT solutions company,” Barber said.

Business revenue increased 4.4 percent year-over-year to $44.8 million, driven by a 24.1 percent growth in data services revenue and 17.7 percent growth in data center services revenue. Revenue increases from the company’s new businesses more than offset the year-over-year decline in its landline business or voice services. Revenue from voice services was down nearly 7 percent, or $1.7 million, to $22.3 million from $24 million.

Business strategic revenue, from Hawaiian Telcom’s data center and cloud services, increased to $18 million due to increasing demand from business customers for higher bandwidth and integrated communications systems. This revenue stream represents 40 percent of total reported business revenue, compared with 34 percent in the same period a year ago and 31 percent in the same period two years ago.

Hawaiian Telcom’s consumer strategic revenue, TV and residential Internet services increased 9.6 percent year-over-year to $17.2 million, driven by 25.3 percent growth in video services revenue.

Hawaiian Telcom said it enabled 5,000 households for Internet and TV service during the quarter, increasing the number of households that can receive its service to 195,000. The company increased subscribers to Hawaiian Telcom TV to 37,100 — approximately 19 percent of the homes capable of getting the service.