Feb 8, 2002 : Digex Reports Q4 and 2001 Results
📅 - Digex, Incorporated (digex.com), a managed hosting provider,has announced revenue of $55.2 million for the quarter-ended Dec. 31, 2001,compared with $57.9 million a year ago. Full-year 2001 revenue totaled$214.4 million, a 28% increase over the year-ago level of $168.1 million.Managed servers totaled 3,588 with average monthly revenue per server of$4,414. Gross margin in the quarter totaled 49%, with full-year gross marginat 44%. EBITDA losses narrowed to $3.6 million in the quarter with full-yearEBITDA losses totaling $46.3 million. Net loss available to commonstockholders for the quarter totaled $46.7 million, or $0.73 per share whilefull-year net loss was $192.5 million, or $3.00 per share.
"The fourth quarter closes out a strong year for Digex with clear examplesof continued success in our development efforts and solution offerings. Oneof our key accomplishments is the joint launch with WorldCom of ManagedExpress Hosting targeted at mid-size businesses," said Rebecca Ward,president of marketing, product management and engineering at Digex. "Ashighlighted by industry analysts, Express also meets the needs of individualdepartments within large corporations who may benefit from a managed hostingsolution, but only require an entry-level package. This is a significantmilestone for us as it marks the first real service initiative developedjointly by WorldCom and Digex. We worked together to determine customerrequirements, service packages and price points, exemplifying the value ouralliance."
Digex's quarterly highlights include the launch of its "Move to Managed"program designed to help enterprises migrate their Internet infrastructureto the Digex managed hosting environment. Digex was named the overall leaderin Service Level Agreement performance by Tier 1 Research in their Decemberreport titled "How Good is Good Enough?," and Digex confirmed its managedsecurity services met the proposed security standards set by HealthInsurance Portability and Accountability Act of 1996 (HIPAA) through acomprehensive third-party assessment. In furthering its focus on security,Digex formally launched a new high-speed firewall solution with a gigabitplus performance. Digex also expanded its performance and availabilityofferings by adding Akamai's EdgeSuite and enhanced its portal,ClientCentral, with improvement in its Performance Statistics and BackupServers functionality.
Major accomplishments in 2001 include global expansion to France, Germanyand Japan, staff reorganizations, improvements in tools for sales,networking design and architecture, and the finalization of the WorldComfunding agreement and controlling interest in Digex. Notable reorganizationsinclude the regional expansion of sales into 18 U.S. teams and therealignment of the professional services organization with the addition ofDigex Application Optimization Center.
Digex launched a new interactive ROI tool to help clients realize the valueand cost efficiencies of outsourcing managed hosting. Digex also placedspecial emphasis in 2001 on certifications and third-party validations todemonstrate its capabilities.
"The fourth quarter closes out a strong year for Digex with clear examplesof continued success in our development efforts and solution offerings. Oneof our key accomplishments is the joint launch with WorldCom of ManagedExpress Hosting targeted at mid-size businesses," said Rebecca Ward,president of marketing, product management and engineering at Digex. "Ashighlighted by industry analysts, Express also meets the needs of individualdepartments within large corporations who may benefit from a managed hostingsolution, but only require an entry-level package. This is a significantmilestone for us as it marks the first real service initiative developedjointly by WorldCom and Digex. We worked together to determine customerrequirements, service packages and price points, exemplifying the value ouralliance."
Digex's quarterly highlights include the launch of its "Move to Managed"program designed to help enterprises migrate their Internet infrastructureto the Digex managed hosting environment. Digex was named the overall leaderin Service Level Agreement performance by Tier 1 Research in their Decemberreport titled "How Good is Good Enough?," and Digex confirmed its managedsecurity services met the proposed security standards set by HealthInsurance Portability and Accountability Act of 1996 (HIPAA) through acomprehensive third-party assessment. In furthering its focus on security,Digex formally launched a new high-speed firewall solution with a gigabitplus performance. Digex also expanded its performance and availabilityofferings by adding Akamai's EdgeSuite and enhanced its portal,ClientCentral, with improvement in its Performance Statistics and BackupServers functionality.
Major accomplishments in 2001 include global expansion to France, Germanyand Japan, staff reorganizations, improvements in tools for sales,networking design and architecture, and the finalization of the WorldComfunding agreement and controlling interest in Digex. Notable reorganizationsinclude the regional expansion of sales into 18 U.S. teams and therealignment of the professional services organization with the addition ofDigex Application Optimization Center.
Digex launched a new interactive ROI tool to help clients realize the valueand cost efficiencies of outsourcing managed hosting. Digex also placedspecial emphasis in 2001 on certifications and third-party validations todemonstrate its capabilities.
Reads: 1571 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/di020802.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
📅 -