euNetworks Reports 26% Revenue Rise to €21.7M12 November 2009 – euNetworks Group Limited, reports a 26% rise in revenue for the nine months ended 30 September 2009.
London, UNITED KINGDOM – 12 November 2009 – euNetworks Group Limited, a provider of mission-critical, high-performance networking solutions in Europe, reports a 26% rise in revenue for the nine months ended 30 September 2009 (“9M09”) to €21.7 million, from €17.2 million reported in the corresponding period a year ago (“9M08”). In line with the Group’s efforts at improving its operational efficiencies, gross margin also improved from 42% in 9M08, to 44% in 9M09.
euNetworks is a critical bandwidth infrastructure company. We own and operate 18 fibre based metropolitan networks connected with a high-capacity intercity backbone covering 53 cities in 17 countries across Europe. The company leads the market in data centre connectivity, directly connecting over 585 today, and is also a leading cloud connectivity provider, with over 180 on-ramps on our network directly connecting all key cloud providers and major platforms. This coupled with our extensive connected data centre footprint positions us strongly to support and enable our Customers with their cloud infrastructure developments and challenges.