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The following content is from an older version of this website, and may not display correctly.Wholesale colocation provider DuPont Fabros increased its revenue by 21.6 percent year-over-year to $56.9 million during the year's first quarter.
The company's net income was about $3.3 million during the quarter, an increase from about $1.9 million it reported for the first quarter of last year.
As of the end of the first quarter, DuPont Fabros had 100 percent of the first phase of its CH1 data center in Elk Grove Village, Ill. (a Chicago suburb) leased out, as well as 88 percent of second phase and the entire first phase of its ACC5 facility in Ashburn, Va.
The company executed two new leases during the quarter for a total of 2.84 MW of power capacity, totaling $33 million in contract value.
Space in the second phase of ACC5 is pre-leased, as the phase does not come online until the final quarter of 2010.
"Leasing since the beginning of the year is comprised of a mix of existing tenants and new customers," DuPont Fabros CEO Hossein Fateh said in a statement.
"We will continue with our leasing efforts in New Jersey, which opens in the fourth quarter of 2010.
Our next developments will likely be the construction of phase one of SC1, in Santa Clara, Calif., and phase one of ACC6 in northern Virginia."
Provider of hosting and cloud computing services Rackspace also reported 20-plus-percent revenue growth year-over-year during the quarter.
The company's net revenue in the first quarter was $178.8 million, or 23.2 percent higher than the revenue it reported in the first quarter of 2009.
Rackspace's net income was $9.8 million, a nearly 50 percent increase year-over-year.
During the quarter the provider increased its server count to 59,876 units from 56,671 units it operated at the end of the final quarter of 2009.
The company also announced on Thursday it had expanded the amount of space it leases in the aforementioned DuPont Fabros data center in Elk Grove Village by 28,200 square feet.
Network provider Level 3 did not do nearly as well as did the aforementioned companies in the data center industry, which it extensively serves.
Level 3 revenue dropped to $910 million in the first quarter, compared to $980 million in the first quarter of 2009. The company reported a net loss of $238 million, compared to a loss of $132 million in the first quarter of last year.
The company's EVP and CFO Sunit Patel remained optimistic in the face of increased losses, saying in a statement that the company was "particularly encouraged by the growth in large enterprise and federal revenues.
Mid-market revenues, which have been declining since 2007, are now stabilizing."
One of Level 3's smaller competitors AboveNet fared slightly better.
While it reported an increase in revenue and a positive net income during the first quarter, the income figure was substantially lower than it was in the first quarter of 2009.
AboveNet's revenue for the first quarter was $97.2 million, a 13.8 percent increase year-over-year.
Its net income during the quarter was $13.6 million, a drop from $27.4 million the company reported in the first quarter of last year.
"Improving economic conditions have allowed customers with pent-up bandwidth demand to resume buying activity," AboveNet CEO Bill LaPerch said in a statement.
"As customer demand for high-bandwidth connectivity continues to recover, AboveNet is well positioned to benefit with its world-class, high-speed, low-latency, scalable network solutions."
The company's net income was about $3.3 million during the quarter, an increase from about $1.9 million it reported for the first quarter of last year.
As of the end of the first quarter, DuPont Fabros had 100 percent of the first phase of its CH1 data center in Elk Grove Village, Ill. (a Chicago suburb) leased out, as well as 88 percent of second phase and the entire first phase of its ACC5 facility in Ashburn, Va.
The company executed two new leases during the quarter for a total of 2.84 MW of power capacity, totaling $33 million in contract value.
Space in the second phase of ACC5 is pre-leased, as the phase does not come online until the final quarter of 2010.
"Leasing since the beginning of the year is comprised of a mix of existing tenants and new customers," DuPont Fabros CEO Hossein Fateh said in a statement.
"We will continue with our leasing efforts in New Jersey, which opens in the fourth quarter of 2010.
Our next developments will likely be the construction of phase one of SC1, in Santa Clara, Calif., and phase one of ACC6 in northern Virginia."
Provider of hosting and cloud computing services Rackspace also reported 20-plus-percent revenue growth year-over-year during the quarter.
The company's net revenue in the first quarter was $178.8 million, or 23.2 percent higher than the revenue it reported in the first quarter of 2009.
Rackspace's net income was $9.8 million, a nearly 50 percent increase year-over-year.
During the quarter the provider increased its server count to 59,876 units from 56,671 units it operated at the end of the final quarter of 2009.
The company also announced on Thursday it had expanded the amount of space it leases in the aforementioned DuPont Fabros data center in Elk Grove Village by 28,200 square feet.
Network provider Level 3 did not do nearly as well as did the aforementioned companies in the data center industry, which it extensively serves.
Level 3 revenue dropped to $910 million in the first quarter, compared to $980 million in the first quarter of 2009. The company reported a net loss of $238 million, compared to a loss of $132 million in the first quarter of last year.
The company's EVP and CFO Sunit Patel remained optimistic in the face of increased losses, saying in a statement that the company was "particularly encouraged by the growth in large enterprise and federal revenues.
Mid-market revenues, which have been declining since 2007, are now stabilizing."
One of Level 3's smaller competitors AboveNet fared slightly better.
While it reported an increase in revenue and a positive net income during the first quarter, the income figure was substantially lower than it was in the first quarter of 2009.
AboveNet's revenue for the first quarter was $97.2 million, a 13.8 percent increase year-over-year.
Its net income during the quarter was $13.6 million, a drop from $27.4 million the company reported in the first quarter of last year.
"Improving economic conditions have allowed customers with pent-up bandwidth demand to resume buying activity," AboveNet CEO Bill LaPerch said in a statement.
"As customer demand for high-bandwidth connectivity continues to recover, AboveNet is well positioned to benefit with its world-class, high-speed, low-latency, scalable network solutions."