EXODUS REPORTS FIRST QUARTER RESULTS
Tenth Consecutive Quarter of More than 40% Sequential Revenue Growth
Santa Clara, April 21, 1999 - P>Exodus Communications?, Inc.
(NASDAQ:EXDS) today reported first quarter 1999 revenues of $30.1 million, a
43 percent increase over the fourth quarter of 1998 revenues of $21.1 million, and
a 324 percent increase over the comparable period of the previous year.
Exodus reported a net loss of $22.2 million for the first quarter, or $1.09 per
share, compared with a net loss of $21.4 million, or $1.07 per share, in the fourth
quarter of 1998, and a net loss of $13.3 million, or $0.96 per share, on a pro forma
basis, in the first quarter of 1998. All references to earnings per share and share
count set forth in this press release are not adjusted to reflect Exodus? recent
two-for-one stock split which was effected on April 12, 1999. EBITDA loss (loss
before interest, taxes, depreciation, amortization and other non-cash charges) was
$10.8 million in the first quarter of 1999, compared to $11.6 million for the
fourth quarter. |
