Terremark Worldwide, a provider of IT infrastructure services, has reported total revenues of $85m for the second quarter of fiscal 2011, an increase of 21% compared to $70m for the same quarter previous year.
The company’s operating income decreased to $6.3m for the quarter, as compared to $6.6m for the same period last year.
The loss before income taxes for the quarter was $6.96m, as compared to a loss of $6.91m for the same quarter in 2009.
For the quarter ended 30 September 2010, Terremark has posted net loss of $8m, or loss of $0.12 per diluted share, as compared to net loss of $7.2m, or $0.12 per diluted share, for the same period last year.
Terremark chairman and CEO Manuel Medina said the company’s exceptional performance in the second quarter is a direct result of their continued focus on execution and their leadership in providing best-in-class, highly secure infrastructure for enterprises and federal government agencies.
"Terremark’s ability to deliver hybrid offerings for the complex IT systems that our customers operate, with fully integrated, leading-edge cyber security tools to protect their data, continues to differentiate us in the market and drive our success," Medina said.
For the third quarter of fiscal 2011, the company expects revenues to range between $89m and $91m and adjusted EBITDA to range from $26m to $27m.