GDS Holdings Limited (GDS) Misses Q4 EPS by 2c

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GDS Reports Fourth Quarter and Full Year 2017 Results

March 13, 2018 6:30 AM EDT

SHANGHAI, China, March 13, 2018 (GLOBE NEWSWIRE) -- GDS Holdings Limited (GDS Holdings or the Company) (NASDAQ: GDS), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the quarter and full year ended December 31, 2017.

Fourth Quarter 2017 Financial Highlights

Net revenue increased by 62.2% year-over-year (Y-o-Y) to RMB505.5 million (US$77.7 million) in the fourth quarter of 2017 (4Q2016: RMB311.7 million). Service revenue increased by 64.7% Y-o-Y to RMB493.7 million (US$75.9 million) in the fourth quarter of 2017 (4Q2016:... More