CoreSite, CyrusOne, and QTS had a successful leasing quarter, but the lockdowns didn’t start until late in the period.
Pandemic-related supply chain disruption in China meant the company couldn't expand data centers as much as planned, leading to some Azure and Office capacity shortages.
First-quarter server chip shipments tripled from a year ago, but revenue for the division that makes them fell 21%, hurt by declining demand for custom Xbox and PlayStation chips.
The REIT reports minimal pandemic-related impact to business, but warns that things could change.
Expects data center division to benefit from continued cloud-provider business accompanied by slowdown in enterprise sales
“For the next few months, we have to be focused on the stability of the business and be sure we preserve our liquidity and balance sheet.”