INAP Reports 2018 Q4 Results

Internap (NASDAQ:INAP), a company that provides data-centre and cloud solutions, announced its fourth quarter results. Year-over-year revenue increased by 13.1 percent to $317.4 million and adjusted EBITDA figures stood at $111.3 million, a 20.7 percent annual increase.

As quoted in the press release:

“We accomplished our priority objectives to create INAP 2.0 by year-end 2018. Revenue is stabilized with organic growth traction in key areas,” stated Peter D. Aquino, President and Chief Executive Officer. “We completed the majority of our infrastructure portfolio optimization, which improved our margins, and reshaped our data center footprint. Our sales team is focused on driving increased productivity in our best INAP flagship markets. We are beginning the next chapter by actively engaging in strategic initiatives to gain scale and further transform INAP into one of the largest multi-service internet infrastructure providers. We are now positioned to compete over the long term in a broad addressable market where demand for our products and services is growing rapidly.”

Click here to read the full press release.