Terremark's fiscal year begins in April.
Consolidated revenue for the quarter was $4.4 million compared to $8 million in the same period last year. The company attributed the revenue drop to a $4 million decrease generated by non-core activities. The loss was partially offset by $400,000 of data center revenue from the NAP.
"We expect data center revenue to increase in future periods as our customers continue to set up their operations" in the Nap, Manuel D. Medina, Terremark's chairman/CEO, says in a prepared statement.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
