Internap Network Services Corporation (NASDAQ: INAP) provides high-performance IT infrastructure services that enable our customers to focus on their core business, improve service levels and lower the cost of IT operations. Our colocation, connectivity and managed hosting solutions are differentiated by unparalleled levels of performance, availability and support. Since 1996, thousands of enterprises have entrusted Internap to deliver their business-critical IT infrastructure needs.
Large and Growing Markets : According to Tier 1 Research, the North American Internet data center market will total approximately $23 billion dollars by 2012, representing a three year compounded annual growth rate of 20 percent. Frost & Sullivan estimates that the North American IP transit market is expected to grow to $5 billion by 2012 – a 5 percent CAGR over 3 years.
Technology and Customer Support Differentiation : Our high-performance connectivity, premium colocation and hosting infrastructure, and best-in-class customer support combine to create a unique value proposition for Internap’s customers and prospects. Our patented connectivity technologies optimize IP traffic and content delivery to ensure our customers get the best reliability and performance over the Internet. And with 40 percent of our company-controlled footprint deployed within the last three years, our data centers are among the newest and most power dense in the industry.
Solid Financials and Balance Sheet: Internap has a history of consistent cash flows from operations. In 2010, we generated $40 million in cash from operations. Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA)(1) have also been strong. 2010 Adjusted EBITDA totaled $39 million representing a 40 percent growth rate over 2009. With substantial cash and one of the lowest debt ratios (debt to equity and debt to total capital) among its peers, Internap has a balance sheet that provides a solid foundation for operations.
Global Product Reach: Through 77 network service points in North America, Europe, and Asia and 199,000 net sellable square feet of premium, company-controlled data center space, we enable our customers to efficiently secure, manage, and deliver business-critical applications and content.
Long-standing Public Market Presence: Internap has been publicly traded since 1999 and is a NASDAQ Global Stock Market member trading under the ticker symbol INAP.
(1)Reconciliation of GAAP Net (Loss) Income to Adjusted EBITDA can be found in our filings with the Securities and Exchange Commission.
All company data is as of December 31, 2010. This description includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by forward-looking statements. Our SEC filings discuss important risk factors that could affect our business results of operations and financial condition.
Events & Presentations
Apr 24, 2014 at 5:00 PM ET
Internap First Quarter 2014 Earnings Conference Call