SoftLayer Technologies, an on-demand data center services provider, on Monday announced solid financial and operational growth through the first half of 2010. SoftLayer provides highly automated, on-demand data center and IT services that allow businesses to more efficiently utilize their resources and decrease their capital expenditures. The company earned $60 million in revenue for January 1 through June 30, leading to 21 months of GAAP profitability and sequential growth.
“Not only have we had record performance already this year, at the same time we’ve made significant preparations for years to come,” said Lance Crosby, Chief Executive Officer for SoftLayer. “We’ll experience the return on some of this year’s developments, like the launch of our seven additional network POPs, well into tomorrow. And we are securing our future through a new capital structure including a significant equity and debt investment.”
Key milestones for SoftLayer through the end of June this year have included:
On track for setting record of over $125 million in revenue for 2010
EBITDA margins exceeding 50%
21 consecutive months of GAAP profitability with sequential growth
25% reduction in the cost of debt
Growth to more than 6,000 active direct customers, plus significant new channel partners
More than 30,000 deployed servers
Significant achievements, updates, and launches have included:
About Elizabeth White Elizabeth is an assistant news editor at SYS-CON Events, Inc. where annual high-energy conferences are created with industry-leading players. Elizabeth works on the SYS-CON Events team behind Cloud Computing Conference & Expo, Virtualization Conference & Expo, GovIT Expo, and the UlitzerLive! New-Media Conference & Expo.
SYS-CON's International Cloud Computing Conference & Expo, held each year in California, New York and Prague is the leading event covering the fast-emerging Cloud Computing market for Enterprise IT professionals. Co-located with the International Virtualization Conference & Expo, the combined event will surely deliver the #1 i-Technology educational and networking opportunity of the year for those seeking to establish a market lead anywhere in the multiple layers of the Cloud Computing ecosystem.
Senior Technologists including CIOs, CTOs, VPs of technology, IT directors and managers, network and storage managers, network engineers, enterprise architects, communications and networking specialists, directors of infrastructure Business Executives including CEOs, CMOs, CIOs, presidents, VPs, directors, business development; product and purchasing managers.
Cloud Computing Journal aims to help open the eyes of Enterprise IT professionals to the economics and strategies that utility/cloud computing provides. Cloud computing - the provision of scalable IT resources as a service, using Internet technologies - potentially impacts every aspect of how IT deploys and operates software.
Government IT Conference & Expo 2009 Allstar Conference Faculty Lineup Will Include...
In other words, VMware’s server density is higher. Boles suggests this means that customers should be “assessing virtualisation on a ‘cost per application’ basis. VM density has a sign
Traditionally, the way people have implemented high availability is by using a high-availability management package like Linux-HA[1], then configure it in detail for each application, file system moun
About Newsfeeds / Video Feeds
.gif)
