DO
ISLD.....one of the stocks we follow..
Wednesday January 31, 9:12 am Eastern Time
Press Release
Strong Enterprise Growth
Leads Digital Island to Fifth
Consecutive Quarter of Revenue Growth and Gross
Margin Improvement
SAN FRANCISCO--(BUSINESS WIRE)--Jan. 31, 2001--
First quarter revenue of $31.6 million, a 31% sequential increase and 316% annual
increase
Gross margins improve by 19% points sequentially
Capital expenditures remain flat
$439 million of cash and marketable securities on hand
Average annual revenues for top 100 customers increase 27% to $702,000 from
$554,000
Customers now include six of top 10 Global 500 entertainment and media
companies, three of the top four online brokers, and six of the top 25 Global 500
financial service companies.
Digital Island, Inc. (Nasdaq:ISLD - news), the leading provider of integrated Internet
infrastructure services, today announced financial results for its fiscal first quarter ended
December 31, 2000. Revenues in the quarter grew 31% sequentially to $31.6 million
compared to $24.1 million in the quarter ended September 30, 2000. Gross margins
improved by 19 percentage points in the quarter. Total contracted customers increased to
959 in the quarter.
biz.yahoo.com
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