Feeds

Redbus losses narrow

See what happens when the sun shines?

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Internet hosting outfit Redbus Interhouse said today that Q1 revenues were up and losses have narrowed and predicts it will be EBITDA positive within the financial year.

Turnover for Q1 to 31 March was up 32 per cent on the previous quarter to £2.26 million. Loss before tax was £362,000 compared with £1,06 million in Q4 last year.

Redbus currently operates three Internet hosting locations in London, Paris and Milan and it has eight more sites in the pipeline.

It recently signed a five-year contract with AOL Europe to supply 13,000 square feet of data floor space at Redbus' Frankfurt facility.

This will become the hub for AOL's online traffic in Europe.

Despite this significant deal, Redbus is wary of what might lie ahead. "We carefully monitor market trends within the technology sector and clearly some areas are being affected by reduced demand, so we remain alert to any potential impact on our business.

"Nevertheless, as noted above, we expect demand to continue to be good for our services and pricing levels to remain firm. Accordingly, our plan for the current year continues to anticipate being EBITDA positive overall," it said.

By mid morning shares had risen 11p (13.25 percent) to 94p. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.