Revenue Up 40 Percent as Number of Servers Reaches 16,000
FORT LAUDERDALE, FLORIDA--(Marketwired) - XBT Holding Ltd., a global hosting and network solutions provider, has announced its 2012 year-end results, showing a 40 percent increase in revenue thanks to new customer wins and increased geographical reach.
EBITDA margin grew 3 percent year-on-year to reach 30 percent. This growth was driven by cost-efficient operations. XBT Holding's customer base increased to 4,600 during 2012.
Further details of XBT Holding's 2012 performance are presented below:
Debt to Equity Ratio
Number of Servers Operated
"Last year was pivotal for our company," said Rajesh Kumar Mishra, Chief Financial Officer, XBT Holding. "We grew rapidly by establishing a solid presence in new expanding vertical markets and geographical regions. This helps us provide value added hosting and network services to more customers worldwide."
Improved performance in XBT Holding's debt to equity from 0.64x in 2011 to 0.33x in 2012 also positions the company well to sustain its growth while continuing to reward its investors. Auditor KMPG noted: "The Group manages its capital to ensure that it will be able to continue as a going concern while interesting the return to the investors through the strive to improve the debt to equity ratio. The Group's overall strategy remains unchanged from last year."
Notable 2012 developments include the launch of a number of new services to operate alongside Webzilla, XBT Holding's leading global enterprise hosting brand. These new initiatives include:
1GB.COM, Inc. - affordable dedicated hosting in the U.S. and Europe
Fozzy, Inc. - shared and VPS (virtual private server) hosting services
Universal CDN, Inc. - global content delivery network services
In 2012 XBT Holding substantially extended its geographical coverage through several key acquisition deals:
root, S.A. - 50 percent stake acquired in Luxembourg-based provider of web hosting, offering the region's highest performance backbone and parallel computing technology from the geographical centre of Europe
8 To Infinity, Pte. Ltd. - 100 percent stake acquired in Singapore-based enterprise and SMB hosting provider, giving XBT Holding a foothold in the Asia Pacific region
IBEE Solutions, Pvt. Ltd. - XBT acquired 70% of India-based provider of hosting solutions, innovative mobile applications and web development services, giving XBT a presence in one of the world's biggest emerging markets
1-800-HOSTING, Inc. - 100 percent stake acquired in the U.S.-based dedicated and colocation hosting provider
Other landmarks for the year include a 50% asset increase in the number of servers XBT operates from 8,000 to 16,000, vastly improving the scalability options for its customers.
Universal CDN also saw its sustained total network throughput surpass 100 Gbps, which reflects XBT Holding's continued investment in building a worldwide content delivery network. These developments mean XBT Holding now operates nine brands spanning three continents, positioning the company perfectly to continue its growth throughout 2013 and beyond. That strategy going forward includes a more focused targeting of industries such as e-commerce, financial services and advertisement networks.
"The beginning of 2012 was not great for the IT infrastructure business, mainly due to changes in the U.S. legislation for cloud-based file storage businesses, which negatively impacted most of the big players in this industry," said Rajesh Kumar Mishra. "In spite of this major industry shift, which could not be foreseen or planned, we had a very impressive year in 2012: four successful acquisitions and three new product launches, which are performing ahead of initial expectations."
XBT Holding Ltd. is a privately-owned global hosting, network solutions and web development provider founded in 2005, with offices in eight countries. Worldwide enterprise and SMB customers rely on XBT's international expertise and comprehensive service portfolio, including managed dedicated hosting, colocation, shared and VPS hosting, high-performance network, cloud, web and application development services. The company operates a worldwide proprietary network through five carrier-neutral data centers and 12 points of presence in the United States, Europe and Asia, with more than 16,000 servers throughout seven subsidiaries. XBT Holding partners with most major Tier 1 networks to ensure high-speed international connectivity up to 1.3 Tbps. XBT is now one of the fastest-growing companies in the Internet infrastructure industry. Visit XBT online at http://www.xbt.com.