Internap (News - Alert) Network Services Corporation recently announced financial results for the third quarter of 2012 and reported that its revenue for the period totaled $68.1 million compared with $62.0 million in the third quarter of 2011 and $68.7 million in the second quarter of 2012.
Internap also experienced an increase in revenue from data center services year-over-year and sequentially. Also, IP services revenue decreased compared with both the third quarter of 2011 and the second quarter of 2012.
“Continued growth in our data center services segment combined with a keen focus on operational excellence enabled the solid growth in Adjusted EBITDA profitability during the third quarter of 2012," said Eric Cooney (News - Alert), president and chief executive officer of Internap.
The company says that the year-over-year revenue increase is due to organic growth in the data center services segment and the fourth quarter 2011 acquisition of Voxel (News - Alert).
Increased sales of colocation in company-controlled data centers and favorable growth in hosting services also contributed in the sequential increase, says Internap that had about 3,700 customers on September 30, 2012.
Internap recently secured a property in a bid to bring a new premium data center on-line in the NY metro market during the fourth quarter of 2013.
Last month, the company unveiled a premium data center at Los Angeles and through this facility it provides a high level of scalability, redundancy and energy efficiency to its customers. The company also has expanded its Atlanta premium data center, which seamlessly connect colocation, managed hosting and cloud environments through a secure Layer 2 Virtual Local Area Network.
Edited by Rich Steeves