Internap reported earnings a short while ago, and comparing with the primer I posted earlier things don’t look particularly wonderful. IP revenues fell sequentially, as did CDN revenues. Colocation revenues were up, but not particularly strongly, and rising costs meant that EBITDA of $5.5M was well off the pace.
Record revenues yes, but well short of the growth that had been hoped for – as seen by the company’s downward revisions to both revenue and EBITDA guidance. Was it a weakening economy that took a bite out of IP and CDN revenues at Internap? Or was it just the full manifestation of last quarter’s operational snafus? Perhaps the conference call will shed some light.
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