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Internap reports first quarter 2012 financial results

Internap Network Services, a leading provider of IT infrastructure services, has announced financial results for the first quarter of 2012. Highlights included : Revenue of US$67.0 million compared with US$59.4 million in the first quarter of 2011; Segment profit of US$35.9 million; segment margin of 53.5 %, up 240 basis points year-over-year;  Adjusted EBITDA of US$12.2 million; adjusted EBITDA margin of 18.3%.

"We were pleased with the solid revenue growth we generated in the first quarter. We drove sequential and year over year increases in our organic core data  centre business as well as in the newly acquired services from Voxel, which remains well on track to deliver 25 percent annual revenue growth," said Eric Cooney, President and Chief Executive Officer of Internap. "With our collective efforts set squarely on deploying high-value data centre services, we were able to quickly reach a key Voxel integration milestone with today's launch of Agile Hosting services, our new e-commerce IT Infrastructure offering."

Source: Market Watch

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