UPDATE: Raymond James Downgrades GDS Holdings (GDS) to Outperform
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GDS Holdings Limited Reports Fourth Quarter and Full Year 2021 Results
March 22, 2022 7:00 AM EDTSHANGHAI, China, March 22, 2022 (GLOBE NEWSWIRE) -- GDS Holdings Limited (GDS Holdings, GDS or the Company) (NASDAQ: GDS; HKEX: 9698), 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, 2021.
Fourth Quarter 2021 Financial Highlights
Net revenue increased by 34.1% year-over-year (Y-o-Y) to RMB2,187.4 million (US$343.2 million) in the fourth quarter of 2021 (4Q2020: RMB1,631.6 million).Service revenue increased by 34.3% Y-o-Y to RMB2,185.9 million (US$343.0... More