2Q13 Net Revenues Up 29.3% YOY to RMB 471.1 Million
2Q13 Adjusted EBITDA Up 23.8% YOY to RMB87.2 Million
Live Conference Call to be Held at 8:00 PM U.S. Eastern Time, August 20, 2013
BEIJING, Aug. 20, 2013 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), the largest carrier-neutral internet data center services provider in China, today announced its unaudited financial results for the second quarter of 2013. The Company will hold a conference call at 8:00 p.m. Eastern Time on August 20, 2013. Dial-in details are provided at the end of the release.
Second quarter 2013 Financial Highlights
•Net revenues increased by 29.3% to RMB471.1 million (US$76.8 million) from RMB364.5 million in the comparative period in 2012.•Adjusted EBITDA1increased by 23.8% to RMB87.2 million (US$14.2 million) from RMB70.4 million in the comparative period in 2012.
Mr. Josh Chen, Founder, Chairman and Chief Executive Officer of the Company, stated, "During this quarter we continued to focus on the growth and expansion of our Company as a leading internet infrastructure provider in China, strengthening our foundation for the next stages of growth. In particular, we successfully launched the public preview for Microsoft's Windows Azure in June and for Office 365 earlier this month, broadening our growth opportunities going forward. In addition, our core IDC business continues to grow with utilization throughout China improving as a result of continued strong demand from our internet and enterprise customers alike. Heading into the second half of 2013, we are confident about our strong growth as we benefit from our expanded network capacity, growing utilization as well as increased breadth of our product and service offerings."
Mr. Shang-Wen Hsiao, Chief Financial Officer of the Company, commented, "We are pleased to have maintained a high Monthly Recurring Revenues per cabinet and improved our utilization during the quarter through constant focus on addressing the increasing demand from a growing customer base. After establishing a team to build and support our infrastructure needs associated with our Microsoft partnership, we remain comfortable that these investments will provide meaningful revenue growth and margin expansion later this year and in following years. We believe we are well positioned to grow our overall internet infrastructure footprint as the adoption and consumption of cloud computing and data-intense online media, ecommerce and other services continue to proliferate in China."
Second Quarter 2013 Financial Results