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Cyxtera (NASDAQ: CYXT) has partnered with Sify Technologies (NASDAQ: SIFY) to enhance colocation services in India, allowing Cyxtera to tap into one of the fastest-growing global economies. The partnership enables Sify to resell Cyxtera’s solutions across North America, Europe, and Asia Pacific to over 10,000 customers. Cyxtera will now provide services in five additional Indian markets, including Mumbai and Kolkata, while Sify aims to offer proven infrastructure solutions to its clientele. This collaboration seeks to bolster both companies' growth in the competitive digital landscape.
Cyxtera (NASDAQ: CYXT) reported Q1 2022 financial results, showcasing a total revenue increase of $9.5 million (5.5% year-over-year) to $182.4 million. Recurring revenue hit $173.7 million, with core revenue rising to $165.9 million. The net loss was $40.9 million, but Transaction Adjusted EBITDA grew by $2.5 million (4.5%) to $58.6 million. The company maintains a stable average monthly core churn of 1.0% and a 70.5% occupancy rate. Cyxtera reaffirmed its 2022 guidance, projecting revenue between $730 million and $760 million, along with plans for expansion in India through a partnership with Sify Technologies.
Cyxtera (NASDAQ: CYXT) has announced its first-quarter 2022 earnings conference call scheduled for May 12, 2022, at 8:30 am ET. The discussion will cover results for the quarter ending March 31, 2022. Financial results will be released prior to the call and can be accessed via telephone or a live webcast on the company's website. A replay will be available until May 19, 2022. Cyxtera operates 61 data centers in 28 global markets, serving over 2,300 enterprises and U.S. federal agencies.
Cyxtera (NASDAQ: CYXT) has launched Cyxtera Cloud Connect, enhancing interconnectivity for customers by facilitating seamless, on-demand connections to public cloud providers. This new service aims to lower network costs, boost bandwidth throughput, and streamline the interconnection environment. By using Cyxtera's Digital Exchange, customers can easily create direct and secure connections across different regions, optimizing their hybrid IT environments for cost efficiency and performance. This offering builds upon Cyxtera's established data center footprint, supporting over 2,300 enterprises globally.
Cyxtera (NASDAQ: CYXT) announced its Q4 and full-year 2021 financial results, reporting a total revenue increase of $5.7 million (3.3%) in Q4, totaling $178.4 million. Full-year revenue rose by $13.2 million (1.9%) to $703.7 million. Despite a net loss of $65.6 million in Q4 and $257.9 million for the year, Transaction Adjusted EBITDA grew by $0.8 million (1.7%) in Q4 and $8.9 million (4.1%) annually, reaching $224.4 million. The company anticipates 2022 revenue between $730 million and $760 million, signaling growth between 4% and 8% year-over-year.
Cyxtera (NASDAQ: CYXT) has announced its quarterly conference call scheduled for March 22, 2022, at 8:30 am ET, to discuss its fourth quarter and full year results for the period ending December 31, 2021. The company will release its financial results prior to the call. Interested parties can join the call using the provided domestic and international dial-in numbers. A webcast will also be available on the company's investor relations page, with a replay accessible until March 29, 2022.
Cyxtera (NASDAQ: CYXT), a leading data center colocation and interconnection services provider, announced participation in two upcoming investor conferences. CEO Nelson Fonseca will present at the Citi 2022 Global Property Conference on March 8 at 10:30 a.m. EST. CFO Carlos Sagasta will speak at the Deutsche Bank Media, Internet & Telecom Conference on March 14 at 2:20 p.m. EST. Both presentations will be available via webcast on the Cyxtera Investor Relations website at https://ir.cyxtera.com.
DE-CIX has launched the first Internet Exchange in Cyxtera's three data centers located in Chicago. This deployment allows seamless connectivity for customers using DE-CIX Chicago, which serves as a multi-service interconnection platform. Customers can connect via direct links, cross connects, or Cyxtera’s automated data center interconnection fabric. The partnership is expected to expand to additional markets, enhancing overall network value. DE-CIX Chicago currently connects over 13 data centers and offers access to over 300 networks across North America.
Cyxtera (NASDAQ: CYXT) announced the exercise of 7.5 million optional shares, expecting to raise
Cyxtera (NASDAQ: CYXT) is expanding its SmartCabs offerings, providing dedicated, on-demand IT infrastructure resources to OEMs and technology service providers. This addition aims to reduce deployment timelines and enhance access to a ready-to-buy audience. Cyxtera’s SmartCabs offer pre-configured colocation cabinets with built-in power and connectivity, enabling quick provisioning for enterprises. The initiative is expected to benefit partners like Dell Technologies and PacketFabric, servicing the increasing demand for hybrid IT solutions and improving operational flexibility.
