Interxion reports 18% YoY revenue growth

Interxion Holding NV (NYSE:INXN), a European provider of carrier and cloud-neutral colocation data centre services, has announced its results for the three months ended 30 September 2017, the company said.

Revenue in the third quarter of 2017 was EUR 124.6 million, an 18% increase over the third quarter of 2016 and a 3% increase over the second quarter of 2017. Recurring revenue was EUR 117.4 million, a 17% increase over the third quarter of 2016 and a 3% increase over the second quarter of 2017.

Recurring revenue in the third quarter represented 94% of total revenue. On an organic constant currency5 basis, revenue in the third quarter of 2017 was 17% higher than in the third quarter of 2016 and 4% higher than in the second quarter of 2017.

Cost of sales in the third quarter of 2017 was EUR 49.6 million, a 22% increase over the third quarter of 2016 and a 4% increase over the second quarter of 2017.

Gross profit was EUR 75.0 million in the third quarter of 2017, a 16% increase over the third quarter of 2016 and a 3% increase over the second quarter of 2017. Gross profit margin was 60.2% in the third quarter of 2017, compared with 61.3% in the third quarter of 2016 and 60.3% in the second quarter of 2017.

Sales and marketing costs in the third quarter of 2017 were EUR 8.2 million, a 13% increase over the third quarter of 2016 and flat compared to the second quarter of 2017.

Interxion is a provider of carrier and cloud-neutral colocation data centre services in Europe, serving a wide range of customers through 48 data centres in 11 European countries. Interxion´s uniformly designed, energy efficient data centres offer customers extensive security and uptime for their mission-critical applications. For more information, visit www.interxion.com.