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Cyxtera (NASDAQ: CYXT) has been recognized with a 5-star rating in the 2023 Partner Program Guide by CRN. This accolade underscores Cyxtera's commitment to creating strong channel partnerships. The company reported a doubling in channel bookings over the past three years, driven by significant growth in its reseller and managed service provider segments, which accounted for over 50% of bookings in 2022. Cyxtera continues to enhance its Global Partner Program and expand its Ecosystem Partner Program, enabling partners to connect with a broad network to accelerate growth. The recognition highlights the strength of its partner support including training, marketing resources, and technical assistance, which are critical in today’s fast-evolving IT landscape.
Cyxtera (NASDAQ:CYXT) has launched new online self-service capabilities, enabling organizations to evaluate, order, and deploy services from its global data center platform within minutes. This advancement allows customers to shop for on-demand infrastructure, space, power, and connectivity without lengthy contracts or sales processes. The platform offers a cloud-like buying experience with predictable costs for dedicated infrastructure, catering to enterprises reassessing workload placements for efficiency and cost-effectiveness. Customers benefit from partnerships with top vendors like Dell, HPE, and NVIDIA, alongside a comprehensive management portal.
Cyxtera Technologies (NASDAQ: CYXT) reported its Q4 and full-year 2022 financial results, highlighting an 8.1% revenue increase to $192.9 million in Q4, and a 6.0% annual revenue growth to $746.0 million. Recurring revenue also rose by 8.4% year over year to $184.6 million in Q4. Despite a significant net loss of $210.2 million, attributed to a goodwill impairment charge, Transaction Adjusted EBITDA increased by 28.8% in Q4 to $61.8 million. The company's stabilized occupancy improved to 74.9%, and it successfully reduced its net financial leverage to 3.5x. Additionally, Cyxtera modified terms of its revolving credit facility, extending its maturity date.
Cyxtera, a leader in data center colocation and interconnection, announced a strategic collaboration with Dell Technologies to deliver integrated infrastructure solutions. This partnership combines Dell’s infrastructure with Cyxtera’s colocation and Digital Exchange network technologies, aiming to enhance rapid deployment and scalability for customers. The new offerings include Enterprise Bare Metal solutions and SmartCabs for on-demand resource provisioning. Additionally, the Dell Experience Lab will allow customers to test these innovative solutions in a practical environment, simplifying data center challenges and improving operational efficiency.
Zenlayer has partnered with Cyxtera (NASDAQ: CYXT) to enhance cloud connectivity in emerging global markets. This collaboration allows customers to connect from over 60 Cyxtera data centers to various sites and cloud service providers across the Asia Pacific, Southeast Asia, Europe, Middle East, and Africa. The partnership will leverage Zenlayer's extensive infrastructure, which includes more than 290 edge nodes, promising high-speed and reliable connectivity. Announced during the PTC '23 event in Honolulu, this initiative aims to support local businesses by providing scalable and efficient networking solutions.
Cyxtera (NASDAQ: CYXT), a leader in data center colocation and interconnection, announced participation in two investor conferences on December 5, 2022. Chief Financial Officer Carlos Sagasta will join a panel at the Raymond James Technology Investors Conference at 9:45 a.m. ET and a fireside chat at the UBS Global TMT Conference at 1:20 p.m. ET. Webcasts of the presentations will be available on the Cyxtera Investor Relations website. The company operates over 60 data centers globally, catering to over 2,300 customers across various sectors.
Cyxtera (NASDAQ: CYXT) announces the delay of its conversion to a real estate investment trust (REIT) to January 1, 2024, from the previously scheduled January 1, 2023. This decision is intended to maintain flexibility while considering alternatives for its capital structure and does not reflect any issues in meeting REIT requirements. CEO Nelson Fonseca expresses confidence in the company's performance, emphasizing the demand for its data center services and the long-term benefits of the conversion.
