Telecity's results show progress with the key features of their 2004 results showing revenue growth of 10%, and the first net growth in 3 years. The company is experiencing an increasing level of value-added services sales. The company is Ebitda positive for the year but has reduced the retained loss of £6.8m (versus £9.5m in 2003). Dublin too is now ebitda positive following the sale of part of the site to ESAT and the Paris data centre is expanding by 5000 sq ft.
The Company is on track to turn cash flow positive during the second quarter of 2005 and to turn EBIT positive by the end of the year. Revenues for 2004 were up 24% to 144,1 million GBP (2003 116,0 million GBP). Positive EBITDA of 8,9 million GBP compared to a loss of 5,7 million GBP in 2003. Significant corporate customer wins include Calor LPG, Thales, Ford Motor Group, Volvo, Select Education, Christian Dior, H&M and others.
Globix and NEON Communications, Inc., a provider of optical networking to carriers and large enterprise customers in the Northeast and mid-Atlantic have completed a merger. This creates an integrated technology services firm with approximately 1,500 customers and combined revenues of the companies for the twelve months ended December 31, 2004 was approximately US$110 million (unaudited). Offices are located in New York, NY, Boston, MA, London, U.K., Santa Clara, CA, Fairfield, NJ, Washington D.C. and Atlanta, GA.
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