Colocation services remained responsible for the largest portion of revenue Savvis generated in 2010, with managed services revenue (which includes cloud computing) trailing closely behind.

The company reported US$933m in full-year 2010 revenue, $358m of which came from its colocation business. The rest of the year's revenue was generated by managed services ($315m) and network services ($260m).

Full-year revenue was up 7% from 2009.

The company reported a net loss of $54m for the full 2010, which included $11.8m in costs related to debt financing. For full 2009, Savvis reported a net loss of $20.8m.

For the year's final quarter, Savvis reported a net loss of $2.9m on about $253m in sales, according to a company news release. The losses shrunk from the fourth quarter of 2009, when the company reported a net loss of $5.4m.

The company's Q4 2010 revenue was up from about $220m it reported for Q4 2009. About 28% of last year's fourth-quarter revenue came from clients in the financial services sector.

Jim Ousley, Savvis chairman and CEO, said the fourth-quarter results were an "appropriate end to 2010," showing growth in managed services, colocation and network services revenue both annually and quarterly.

"Our successful execution and the strategic changes we made over the past year are reflected in our solid financials," Ousley said. "We expect to see a general continuation of these trends in 2011, with specific strength in our managed services business."

The company splits its results in two categories: hosting and network. Hosting is further broken down into colocation and managed services. The network segment also has two sub-segments: core and sustaining.

Savvis reported $185.7m in hosting sales for the fourth quarter of 2010. Colocation represented 52% of that figure and the rest came from managed services, which also includes Savvis's suite of cloud computing services for enterprises called Symphony.

Network services generated $67m in revenue, 57% of which was core and 43% sustaining. The company defines sustaining network services as services that are either showing slower growth or are not tied directly to future growth of its network and hosting business.

In addition to reporting that a large portion of total Q4 revenue came from the financial vertical, the quarter's highlights for Savvis included launching new exchanges in Chicago and Slough, UK.

One of Savvis's biggest highlights for the year was acquisition of the Canadian hosting company Fusepoint in June, which gave it immediate presence in three major hosting markets in Canada: Toronto, Vancouver and Montreal.