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General

Telecity expects revenue growth of 6.5% in Q1

Thursday 7 May 2015 | 12:00 CET | News
Data centre operator Telecity issued a trading update for its first quarter, confirming its 2015 full year guidance for revenue growth of 8-10 percent on an organic currency neutral (OCN) basis, and stable EBITDA margin, with slight downside pressure from investment. The company earlier announced an approach by Equinix, which wants to buy the company for GBP 11.45 per share, or a total of GBP 2.31 billion. For the quarter, OCN revenue growth reached 6.5 percent, and the adjusted EBITDA margin 46.6 percent, reflecting investments made in sales and marketing. The underlying OCN revenue growth

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Categories: General
Companies: Equinix / TelecityGroup
Countries: World
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