Posted By Rich Miller On February 6, 2008 @ 5:03 pm In Savvis | Comments Disabled
Savvis Inc.  (SVVS) says 2007 was a “year of transition” as it sold off its content delivery network and two large facility leases, refined its focus on managed hosting and financial services, and expanded its data center footprint. As it looks to 2008, the managed hosting provider hopes to build its high-margin utility hosting and proximity hosting  businesses, and capture the benefits of higher pricing in the colocation market.
Savvis  reviewed its 2007 results and outlined its goals for 2008 in a conference call Monday with securities analysts. The company predicted its 2008 revenue will climb between 15 percent and 17 percent and exceed Wall Street forecasts.
CEO Philip Koen called 2007 “a challenging but ultimately successful transition year.” Koen said Savvis has been “very successful” in selling space in the four new data centers it brought online in September and October in four markets
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URL to article: http://www.datacenterknowledge.com/archives/2008/02/06/savvis-wraps-up-a-transition-year/
URLs in this post:
 Savvis Inc.: http://www.savvis.com
 proximity hosting: http://www.datacenterknowledge.com/archives/2007/Dec/03/proximity_hosting_when_microseconds_matter.html
 Savvis: http://www.datacenterknowledge.com/archives/savvis-index.html
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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