Internap Network Services Corp (INAP) Misses Q1 EPS by 3c, FY Revenue Guidance Misses

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Internap Reports First Quarter 2015 Financial Results

April 28, 2015 4:04 PM EDT

ATLANTA, April 28, 2015 /PRNewswire/ -- Internap Corporation (NASDAQ: INAP), a provider of high-performance Internet infrastructure services, today announced financial results for the first quarter of 2015. 

"Higher than anticipated churn, predominantly from a small number of larger data center services customers, has led us to reduce guidance for our full-year 2015 revenue. Nonetheless, our continued strategic investment in core data center services is delivering significantly stronger segment margins and enabling us to reiterate our full-year adjusted EBITDA guidance in the range of $89 million to $95 million," said Eric Cooney, President and Chief... More