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GDS Holdings Limited reports developments tied to its high-performance data center business in China and its securities listed on Nasdaq and HKEX. News commonly covers unaudited quarterly and annual results, Form 20-F filing announcements, earnings-call schedules, and data center demand from hyperscale cloud providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and enterprise customers.
Company updates also include shareholder meetings, amendments to articles of association, preferred-share and ordinary-share voting matters, capital-structure actions, and its minority equity interest in DayOne Data Centers Limited, a Singapore-headquartered hyperscale data center platform.
GDS Holdings Limited (NASDAQ: GDS) reported impressive first-quarter results for 2020, with net revenue rising 39.1% year-over-year to RMB1,240.4 million (US$175.2 million). Service revenue also increased by 38.3% to RMB1,232.6 million (US$174.1 million). The company's net loss decreased to RMB92.0 million (US$13.0 million) from RMB136.6 million a year earlier. Adjusted EBITDA surged 49.3% to RMB572.1 million (US$80.8 million), with an adjusted EBITDA margin of 46.1%. Total area committed increased by 43.6% year-over-year, reaching 286,990 square meters as of March 31, 2020.
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