Interxion Reports €159.4m In Revenues For Q3 2019 Amid Digital Realty Acquisition
.png)
The cancellation of the company’s earnings conference call was due to Interxion’s previously announced definitive agreement to combine with Digital Realty.
Interxion reported a revenue increase of 12% to €159.4m from €142.2m Q3 2018, and reported that its recurring revenue had increased by 13% to €152.3m.
The company also reported that its net income had increased by €10.6m to €21.5m, and capital expenditures, including intangible assets, were €150.6 million.
“Interxion posted solid results for the third quarter led by 13% recurring revenue growth and strong margins,” said David Ruberg, Interxion’s Chief Executive Officer.
“Favourable demand trends for colocation reflect ongoing migration towards cloud and digital content platforms by enterprises and consumers.
“The platform providers continue to expand their presence in Europe and seek line of sight to substantial future capacity, which we are well placed to deliver at our highly-connected campuses in key cities across Europe.”
Last week, Interxion and Digital Realty announced that they are set to combine their businesses to create a global provider of data centre, colocation and interconnection solutions.
Under the terms of the agreement, Interxion shareholders will receive a fixed exchange ratio of 0.7067 Digital Realty shares per Interxion share.
Based on Digital Realty’s closing stock price of $132.28 on 28 October 2019, the transaction values Interxion at $8.4bn.
“The combination of Interxion with Digital Realty is compelling from a strategic perspective and brings together two highly complementary businesses in terms of market positioning and geographical footprint,” said David Ruberg, Interxion’s Chief Executive Officer.
“We are creating one of the largest data centre operators in the world. This transaction offers our shareholders an attractive return and, as you will see in forthcoming filings, follows many discussions over several years with potential strategic and financial acquirers of Interxion and other parties that have sought to pursue transactions with us.
“We strongly believe that the combination with Digital Realty will deliver significant long-term value for all our stakeholders.”
source dataeconomy
Industry: Data Centre
Latest Jobs
-
- Security Operations Engineer- SOC. UK based. £80,000
- London
- 85000
-
Cyber Security Operations Engineer needed to technically setup, configure, manage and be responsible for the ongoing technical requirements of a CYBER Security Monitoring Capability. SIEM experience is essential. As is the experience working within The security Operations Engineer will be required to establish a internal P.O.C and taking that into a production environment. Any experience develop processes, playbooks and use cases is highly desirable. London commutable. Flexible working, Apply today for more information. Chris.holt@dclsearch.com 07884666351
-
- CONTRACT SIEM Cyber Security Operations Engineer. REMOTE OUTSIDE IR35
- United Kingdom
- £500
-
REFCH8165 CONTRACT SIEM Cyber Security Operations Engineer. REMOTE UK SIEM Engineer. 6 month Contract. OUTSIDE IR35 Working towards a "SOC 2" environment. CLOUD (AWS) experience essential. Three key functions; Monitor, Escalate and Triage incidents. Vulnerability Management / threat intel. SIEM configuration / management, review, enhancement More specifically; Work with internal teams to identify assets. Identity applicable threat feeds and work with internal teams to remediate. Patch Patch Patch. (Help mature process / identify gaps) Configuration / fine tuning of SIEM alerts. Create dashboards, Compliance reporting. Log ingestion. Experience across ISO27001 / SOC2 / SIEM / End Point Security is essential Contact me today for more information Chris.Holt@dclsearch.com Or 07884666351
-
- Cyber Security Operations Engineer. REMOTE UK. SOC2
- United Kingdom
- £65000
-
REF8164 Cyber Security Operations Engineer. REMOTE UK Internal opportunity. New position. Exclusive to DCL Search. You will be the hands on technical eyes and ears of the Cyber security capability actively working to ensure and enhance the adherence to ISO27001 and "SOC 2" controls. You role will touch on the following · Security Monitoring- SIEM · Vulnerability Management / Testing · Incident Management · Asset management · Disaster Recovery planning · Change Management AWS Cloud experience is essential as is the ability to ensure patch management is prioritised across the business. Any CLOUD SIEM experience highly desirable. Contact me today for more information Chris.Holt@dclsearch.com Or 07884666351
-
- Lead Security Architect
- United Kingdom
- 100,000
-
Engage with key clients in an Architectural / technical presales capacity. Including Stakeholders, end users / partners. Working on new and existing Security projects to confirm that proposed solutions are fit for purpose from both a technical and regulatory capacity. Working closely with multiple vendor . Managed security service background ideal CLOUD Security (AZURE OR AWS), IDAM background ideal.