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Dupont Fabros posts profits

Dupont Fabros Technology, whose data centres house Internet servers in Northern Virginia and California, reported profits for its latest quarter compared to a loss a year ago. The company’s fourth quarter revenue rose more than 25% to US$66 million. Dupont Fabros raised US$179 million in a preferred stock offering last fall on top of a US$305 million secondary stock offering earlier in the year. It is using the proceeds to fund data centre expansion and reduce debt.

The company Tuesday said it expects to complete data centres under construction in Ashburn, Virginia and Santa Clara, California, by the third quarter. It completed construction of two facilities in 2011 and expects to start a project in Chicago this year.

Source: Washington Business Journal

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