DEAC reports first-quarter financial growth

European data center operator DEAC raised its first-quarter financial results, achieving a 45% increase of turnover compared to the same period in 2013. DEAC has also improved its first-quarter operating results (EBITDA) of 1.292 million euro.
RIGA, Latvia - July 2, 2014 - PRLog -- Since DEAC began its active expansion of services across foreign markets in 2009, its year-over-year revenue grew by 30-64% showing the fastest development in the Latvian data center industry. This makes DEAC one of the fastest-growing information technology (IT) companies in the industry. The results of the first quarter shows that company exports up to 60%, and more than 45% of export was invariably driven by Russia and CIS countries. A positive growth of sales achieved from European countries, making 13% of the overall export in the first quarter of 2014.

Despite rising international tensions, the company expects continued earnings growth in most East region markets where it operates. DEAC key export strategies and growth of demand will provide the significant development opportunities and increase sales of the data center solutions over the next few quarters. Company predicts dynamic annual turnover growth in 2014 as well as consistent increase of revenue. In the near future DEAC will invest up to 6-8 million euro to enlarge its data center’s infrastructure.

In the beginning of 2014, DEAC has significantly enlarged its processing capacity, providing customers with the most powerful virtual platform in the Northern Europe, ranking DEAC among the largest European providers of virtual resources and identifying its effective competitive advantage. DEAC is a trusted partner for more than 2500 customers from 40 countries of the world - in Europe, Russia and CIS countries, Asia and North America.

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Source:European data center operator
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Tags:First Quarter, Financial Results, Export, Revenue, Ebitda
Industry:Finance, Technology
Location:riga - riga - Latvia
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