by David Gross
This morning, Savvis (SVVS) reported revenue of $221 million for the quarter, and raised its annual EBITDA guidance from $210-$225 million, to $220-$240 million.
Operating cash flow was $32 million, free cash -$19 million. The company has over $700 million of debt, some of which came from financing its recent acquisiton of Fusepoint.
Managed services are slowly catching up to colocation, with quarterly revenue climbing to $73 milion from $67 million in the year ago quarter, while colo has held steady at $84 million.
All in all, no big surprises.