allan
05-15-03, 11:16 AM
Digex announced their earnings today, this is a summary:
LAUREL, Md., May 15 /PRNewswire-FirstCall/ -- Digex, Incorporated (BULLETIN BOARD: DIGX) , a
leading provider of enterprise hosting services, today announced revenue of $39.8 million for the
quarter-ended March 31, 2003, compared with $51.8 million a year ago. Ending the quarter managed
servers totaled 3,165 with average monthly revenue per server of $3,880. Gross margin in the
quarter totaled 40%. Net loss available to common stockholders for the quarter totaled $27.5
million or $0.42 per share. Net cash provided by operations ending March 31, 2003 was $5.7 million
compared with net cash used in operations in the same period of 2002 of ($0.1) million.
Notice, their average server revenue is $3,880 per month. Obviously, Digex offers an end-to-end managed solution and deals primarily with Fortune 1000 clients, but that is still a pretty impressive number - -for a point of reference it is more than 3 times the average revenue per server that RackSpace claims.
Thoughts?
LAUREL, Md., May 15 /PRNewswire-FirstCall/ -- Digex, Incorporated (BULLETIN BOARD: DIGX) , a
leading provider of enterprise hosting services, today announced revenue of $39.8 million for the
quarter-ended March 31, 2003, compared with $51.8 million a year ago. Ending the quarter managed
servers totaled 3,165 with average monthly revenue per server of $3,880. Gross margin in the
quarter totaled 40%. Net loss available to common stockholders for the quarter totaled $27.5
million or $0.42 per share. Net cash provided by operations ending March 31, 2003 was $5.7 million
compared with net cash used in operations in the same period of 2002 of ($0.1) million.
Notice, their average server revenue is $3,880 per month. Obviously, Digex offers an end-to-end managed solution and deals primarily with Fortune 1000 clients, but that is still a pretty impressive number - -for a point of reference it is more than 3 times the average revenue per server that RackSpace claims.
Thoughts?