Terremark Worldwide said on Thursday that revenue for the fourth quarter rose 11 percent to $82.5 million, up from $74.2 million in the prior three-month period.
The Miami-based provider of IT infrastructure services (NASDAQ:TMRK) reported revenue for the fiscal year ended March 31 was $292.3 million, a 17 percent increase over the prior fiscal year.
The company reported a net loss of $1.2 million, or 2 cents a share, improved from a loss of $8.3 million or 13 cents a share in the previous quarter, but down from the same time last year when it earned $4.1 million, or 6 cents a share.
Terremark said it added 56 customers in the fourth quarter, bringing its total number to 1,350.
“With another very strong quarter and fiscal year, Terremark continues to produce the positive results that reflect the strong demand among federal and enterprise customers for our suite of industry-leading solutions across our global footprint and our proven ability to successfully execute our strategic plan,” said Manuel D. Medina, Chairman and CEO of Terremark, in a news release. “Our consecutive quarters of record bookings, robust pipeline and strategic expansion create a solid base for fiscal 2011 and a clear path for sustained growth.”
Last week, Terremark said it acquired 27 acres of land adjacent to its Network Access Point (NAP) of the Capital Region for $5 million. The company also recently opened a 72,000-square-foot headquarters building at the NAP of the Capital Region campus.
The company said it expects revenues in the first quarter to range from $77 million to $79 million. For the full fiscal year, the company raised its guidance of revenue to range from $338 million to $343 million.
Shares closed up 32 cents to $7.50 on Thursday. The 52-week high was $8.98 on Jan. 21. The 52-week low was $4.34 on July 10.
« Fed expects economy to keep improving – Clifton Gunderson acquires U.S. Tax Advantage »
No comments yet.
Sorry, the comment form is closed at this time.
Powered by WordPress -- XHTML 1.0