Its quarterly sales beat analysts’ projections by more than $1 billion, fueled by corporate customers seeking to shift computing tasks to cloud-based systems.
Revenue from cloud providers surged 48 percent in the fourth quarter, demonstrating after a period of slow growth the cloud hardware business's lumpy nature.
Bain invested in Beijing-based ChinData last year and merged it with existing portfolio company Bridge Data Centres to form a pan-Asian data center platform.