<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-K. AMOUNTS DERIVED FROM WORLD ACCESS, INC.'S STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 1997 AND 1996 HAVE BEEN RESTATED FOR THE 1998 PRESENTATION OF DISCONTINUED OPERATIONS. </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-START> JAN-01-1997 JAN-01-1996 <PERIOD-END> DEC-31-1997 DEC-31-1996 <CASH> 118,065 22,480 <SECURITIES> 0 0 <RECEIVABLES> 20,501 9,917 <ALLOWANCES> 237 265 <INVENTORY> 22,427 10,657 <CURRENT-ASSETS> 171,680 46,323 <PP&E> 12,650 8,564 <DEPRECIATION> 6,945 5,906 <TOTAL-ASSETS> 225,283 60,736 <CURRENT-LIABILITIES> 17,930 8,362 <BONDS> 115,000 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 193 163 <OTHER-SE> 91,562 52,211 <TOTAL-LIABILITY-AND-EQUITY> 225,283 60,736 <SALES> 48,614 17,131 <TOTAL-REVENUES> 48,614 17,131 <CGS> 27,527 14,076 <TOTAL-COSTS> 27,527 14,076 <OTHER-EXPENSES> 9,322 4,440 <LOSS-PROVISION> 49 0 <INTEREST-EXPENSE> 1,040 39 <INCOME-PRETAX> 13,142 (1,155) <INCOME-TAX> 4,792 (114) <INCOME-CONTINUING> 8,350 (1,041) <DISCONTINUED> 4,784 7,820 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 13,134 6,779 <EPS-PRIMARY> .76 .52 <EPS-DILUTED> .70 .46