GDS Holdings Limited (GDS) Misses Q1 EPS by 3c, Revenues Beat

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GDS Holdings Limited Reports First Quarter 2019 Results

May 14, 2019 6:30 AM EDT

SHANGHAI, China, May 14, 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 first quarter ended March 31, 2019.

First Quarter 2019 Financial Highlights

Net revenue increased by 58.6% year-over-year (Y-o-Y) to RMB891.8 million (US$132.9 million) in the first quarter of 2019 (1Q2018: RMB562.2 million).Service revenue increased by 61.6% Y-o-Y to RMB890.9 million (US$132.8 million) in the first quarter of 2019 (1Q2018: RMB551.5... More