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CyrusOne posts Q1 profit on valuation gain, revenues up 32%

Thursday 3 May 2018 | 13:52 CET | News

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US data centre operator CyrusOne reported first-quarter revenues up 32 percent year-on-year to USD 196.6 million. Its net result moved to a profit of USD 43.5 million from a loss of USD 30.4 million in the same period in 2017, helped by a valuation gain of USD 40.5 million on its stake in GDS. Adjusted EBITDA improved to USD 109.5 million from USD 80.7 million a year ago, and normalised funds from operations increased 34 percent to USD 82.2 million. 

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Categories: Fixed
Companies: CyrusOne
Countries: United States
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