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The following content is from an older version of this website, and may not display correctly.Colo supplier Terremark beat its own guidance on its third quarter income of $8.2 million and revenue reaching $65.9 million.
The company said it expects to reap the benefits of its investment in its US federal government business in the coming months. "Along with the continued growth of our commercial sales, a key driver of our Company's overall success has been the strategic investment to grow our Federal business, which uniquely positions our Company to capitalize on the many significant opportunities we expect to see in the coming months as the proposed stimulus package is approved and Federal agencies drive to enhance efficiency through the expanded use of IT under the Obama administration," said Manuel D. Medina, Chairman and CEO of Terremark.
Gross profit margins, excluding depreciation and amortization, were 48% during the December 31, 2008 quarter.
Cross connects billed to customers increased to 7,857 as of December 31, 2008 from 7,459 the previous quarter and 6,578 a year earlier, representing increases of 5% and 19%, respectively.
This increase highlights the strong demand for Terremark's network-neutral model.
Total colocation space utilization increased to 23.9% as of December 31, 2008 from 23.3% as of September 30, 2008.
Utilization of built-out colocation space was 51.1% as of December 31, 2008.
The utilization rate of built-out colocation space decreased due to the activation of additional space Terremark's NAP of the Americas in Miami.
Full details of the results are here
The company said it expects to reap the benefits of its investment in its US federal government business in the coming months. "Along with the continued growth of our commercial sales, a key driver of our Company's overall success has been the strategic investment to grow our Federal business, which uniquely positions our Company to capitalize on the many significant opportunities we expect to see in the coming months as the proposed stimulus package is approved and Federal agencies drive to enhance efficiency through the expanded use of IT under the Obama administration," said Manuel D. Medina, Chairman and CEO of Terremark.
Gross profit margins, excluding depreciation and amortization, were 48% during the December 31, 2008 quarter.
Cross connects billed to customers increased to 7,857 as of December 31, 2008 from 7,459 the previous quarter and 6,578 a year earlier, representing increases of 5% and 19%, respectively.
This increase highlights the strong demand for Terremark's network-neutral model.
Total colocation space utilization increased to 23.9% as of December 31, 2008 from 23.3% as of September 30, 2008.
Utilization of built-out colocation space was 51.1% as of December 31, 2008.
The utilization rate of built-out colocation space decreased due to the activation of additional space Terremark's NAP of the Americas in Miami.
Full details of the results are here