Data Center Knowledge

Internap Makes Profit, Gets Noticed

Posted By Rich Miller On May 10, 2006 @ 12:52 am In Internap | Comments Disabled

Internap [1] is one of those companies that keeps a low profile while delivering key Internet services to lots of companies that are familiar names. An example: Friendster, the social networking site, which uses Internap to manage its substantial bandwidth requirements. That customer relationship was noted by the Motley Fool [2], the popular investment site which took note of Internap because the company posted its first profit:
Founded 10 years ago, Internap Network Services (AMEX: IIP – News) was finally able to post a profit. In the fourth quarter, net income was $541,000, or break-even per share. This compares to a net loss of $600,000 for the same period a year ago. During this time, revenues increased 12.6% to $42.6 million.

The Fool article also noted that Internap will need to invest additional dollars in its network. Managing growth – and the cost of growth – will clearly be a major theme for data center service providers in the next year or two.

About Rich Miller [3]

Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.

Article printed from Data Center Knowledge: http://www.datacenterknowledge.com

URL to article: http://www.datacenterknowledge.com/archives/2006/05/10/internap-makes-profit-gets-noticed/

URLs in this post:

[1] Internap: http://www.internap.com

[2] Motley Fool: http://biz.yahoo.com/fool/060509/114719870018.html?.v=2

[3] Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/

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