Savvis, a leader in cloud infrastructure and hosted IT solutions for enterprises, has reported its fourth quarter 2010 financial results, with revenue of US$252.7 million, compared to US$219.8 million in the fourth quarter of 2009. Adjusted EBITDA was US$67.8 million, compared to US$54.9 million of adjusted EBITDA in the fourth quarter of 2009.
"Our remarkable fourth quarter results were an appropriate end to 2010, with good growth in Managed Services, Colocation and Network revenue reported on both an annual and a quarterly basis," said Jim Ousley, chairman and chief executive officer for Savvis. "Our successful execution and the strategic changes we made over the past year are reflected in our solid financials. We expect to see a general continuation of these trends in 2011, with specific strength in our Managed Services business."
Source: Digital Journal