As you recall, we previously disclosed that Voxel was expected to generate approximately $3.5 million in revenue for the fourth quarter 2011, and was expected to grow 25% annually. Voxel is performing well as part of the Internap team and remains on track with this revenue growth profile.We delivered another quarter of solid adjusted EBITDA, as you can see on Slide 5. Adjusted EBITDA totaled $12.2 million or 18.3% of revenue. This represented a 3% sequential decline, but an increase of 33% over the first quarter of 2011. Similar to prior years, the sequential adjusted EBITDA decline was driven by higher cash operating expenses during the first fiscal quarter, including certain wage and payroll tax cost which reset in January.
Internap Network Services' CEO Discusses Q1 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.