Global datacentre service provider CyrusOne has announced first quarter 2015 earnings.
Highlights included: First quarter Normalized FFO of US$31.9 million and AFFO of US$35.0 million increased 17% and 27%, respectively, over the first quarter of 2014; First quarter revenue of US$85.7 million increased 11% over the first quarter of 2014; First quarter Adjusted EBITDA of US$45.1 million increased 8% over the first quarter of 2014; Leased 60,000 colocation sq ft totalling US$18 million in annualized GAAP revenue, with utilization remaining high at 89%: Subsequent to end of quarter, announced acquisition of Cervalis, significantly enhancing Company’s geographic and customer diversification and strengthening product portfolio, with accretion to Normalized FFO per diluted share and unit
“CyrusOne had another great quarter, continuing its trend of solid financial results for more than two years as a public company, and the strong bookings performance reflects the attractiveness of our value proposition,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “The recently announced transaction with Cervalis will enhance our presence on the East Coast and accelerate our growth trajectory as we add a proven operator with a successful track record of attracting financial services customers.”