Banjo, not only that, EXDS now has 10 consecutive qtrs of 40% sequential revenue growth, many analysts weren't expecting that. They beat #'s in all five categories. Had $30 mil revs this qtr vs $7 mil last yr, amazing! Check out the article below:
*Update* Exodus Does It Again: Revenue Rises 43% Sequentially
By Spencer E. Ante
Staff Reporter
4/21/99 5:36 PM ET
Exodus (EXDS:Nasdaq) reported a first-quarter loss of $22.2 million, or $1.09 a share, as revenue more than quadrupled from year-ago levels to $30.1 million. The loss was narrower than Wall Street expected and revenue jumped 43% from fourth-quarter levels, also exceeding analysts' expectations.
The stock jumped 10, or 14%, to close at 84 ahead of the news.
For its year-ago first quarter ended March 31, 1998, the company reported a loss of $13.3 million, or 96 cents a share, before charges. All figures exclude the effect of a recent 2-for-1 stock split. The First Call consensus estimate had the company losing 57 cents a postsplit share, or $1.14 a presplit share.
Exodus also said it would acquire closely held professional services provider Cohesive Technology Solutions, an affiliate of New York private investor Welsh Carson Anderson & Stowe, for $100 million. The acquisition of the Palo Alto, Calif., company is designed to fill out Exodus' service offering.
Exodus also nailed a few other milestones. The company said it surpassed the 1,000-customer mark and that annualized revenue per customer rose to $148,000 from $133,000. The company also boasted that 47% of its new customers were in the enterprise, bringing the total number of enterprise customers to 400. Finally, Exodus said that two more of its data centers reached EBITDA profitability, bringing the total number of EBITDA-positive data centers to seven out of a total of eight. |
