Switch, Inc. (SWCH) Tops Q2 EPS by 1c

Switch, Inc. (NYSE: SWCH) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $126.9 million versus the consensus estimate of $134.54 million.

"Switch's robust sales performance continued through the second quarter of 2021, driving a record revenue backlog for the third consecutive quarter," said Rob Roy, Founder and CEO of Switch. "Importantly, customer installations in the first half of 2021 have paced ahead of expectations, resulting in strong backlog conversion and accelerated revenue growth. Following the close of our Data Foundry acquisition, we are already executing on operational efficiencies and seeing strong customer demand in Texas. We look forward to sharing future progress as we continue to expand capacity at The Rock Campus, both at Dell\'s global headquarters and the Data Foundry properties in Austin and Houston. These initiatives are in addition to our highly active construction pipeline across the other Switch Primes, where we expect to open 1.3 million square feet of space between now and early 2023."

For earnings history and earnings-related data on Switch, Inc. (SWCH) click here.

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