Cyxtera's Q4 Top-Line Beats Aided By Recurring, Core Revenue Growth

Loading...
Loading...
  • Cyxtera Technologies Inc CYXT reported fourth-quarter FY21 revenue growth of 3.3% year-on-year to $178.4 million, beating the consensus of $177.6 million.
  • Recurring revenue increased by 3.9% Y/Y to $170.3 million. Core revenue increased by 7.7% Y/Y to $162.5 million. 
  • Transaction Adjusted EBITDA increased by 1.7% Y/Y to $48.0 million.
  • Cyxtera held $52.4 million in cash and equivalents.
  • EPS loss of $(0.40) missed the consensus loss of $(0.26).
  • Outlook: Cyxtera sees FY22 revenue of $730 million - $760 million, above the consensus of $729.6 million.
  • Price Action: CYXT shares closed higher by 0.35% at $11.45 on Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsGuidanceTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...