GDS Holdings Limited (GDS) Tops Q4 EPS by 6c, Revenues Miss

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GDS Holdings Limited Reports Fourth Quarter and Full Year 2018 Results

March 13, 2019 4:01 PM EDT

SHANGHAI, China, March 13, 2019 (GLOBE NEWSWIRE) -- GDS Holdings Limited (GDS Holdings, GDS 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 fourth quarter and full year ended December 31, 2018.

Fourth Quarter 2018 Financial Highlights

Net revenue increased by 64.1% year-over-year (Y-o-Y) to RMB829.5 million (US$120.6 million) in the fourth quarter of 2018 (4Q2017: RMB505.5 million).Service revenue increased by 67.9% Y-o-Y to RMB829.1 million (US$120.6 million)... More