Monday, November 1, 2010

Terremark Revenue Up 22%, Lifts Guidance 1%

By David Gross

Terremark reported quarterly revenue today of $85 million, up 22% year-over-year, and lifted annual top line guidance from $346 million to a range of $350 million - $353 million.   Cross-Connects were up 10% year-over-year to 9,650, and as seen elsewhere in the industry, cloud revenue continues to account for less than 10% of Terremark's sales, but over half of the hype surrounding the company.   Cloud revenue came in at $7.5 million, or 8% of total, up from 6.5% sequentially.

We'll have more on this soon.

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