Members of the Czech Internet Solution Providers Association, Asociace.BIZ, reported a combined turnover of 363m Czech crowns (US$15.6m/12m) for 2004, up by some 20 pct year-on-year. Asociace.BIZ-members' revenue from providing Internet solutions was 245m crowns (USD$10.5m/8.1m) in 2004. The total annual turnover of Asociace.BIZ members has been rising since the association's establishment in 2002. Asociace.BIZ members registered an 18 pct year-on-year increase in their sales for 2002. The association's members' total turnover for 2003 rose by 19.2 pct year-on-year.
Pipex sales doubled to GBP78m, and acquisitions added a further GBP24m to turnover. Before goodwill amortisation and GBP1.7m of integration costs, Pipex made underlying pre-tax profits of GBP6.2m. The company has 192,000 broadband customers (around 20% from the business sector), 154,000 hosting customers, and 2,000 corporate customers using its network services. Gross margins rose by 3.9 per cent to 47.4 per cent, and the company turned cash-flow-positive.
Redbus Interhouse plc increased its turnover IN 2004 by 17% to £16.0m with a 29% increase in the recurring income order book. This follows on from news that managed hosting specialist, Rackspace, has signed the company's 1000th customer contract. Having a 2.5Gbps network in the UK already, Rackspace currently has significant excess capacity and with 5% growth month on month, it is looking to increase the resilience and overall capacity of its network to 7.0Gbps to ensure it remains future-proof.
Internap Network Services Corporation has reported results for the quarter ended March 31, 2005. For the first quarter, revenues totalled US$37.9 million, an increase of 4.4% compared to the first quarter of 2004. Net loss for the first quarter was US$0.6 million, an improvement of approximately 80% compared to the same period in 2004. The Company's customer base grew to 1,984 customers, an increase of 55 net new customers in the quarter.
Revenues were US$48.7 million for the 1Q representing a 32% increase over the same quarter last year and an 8% increase over the previous quarter. Recurring revenues, consisting of colocation, interconnection and managed services, were US$45.9 million, a 33% increase over the same quarter last year and an 8% increase over the previous quarter. 75 new customers to bring our customer count total to over 1,000. Looking ahead, revenues are expected to be in the range of US$209.0 to US$215.0 million for 2005.
Centrom, an information technology services and enterprise system integrator company, plans to join Aim this month in a flotation that will value it at GBP 8m. The company is raising GBP 2m to fund expansion and develop its own range of services, which include a 24-hour data centre. It also intends to make acquisitions both in the UK and abroad. Seymour Pierce is broker to the issue.
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