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Savvis Announces Key Data Center Expansion Solidifying...

NEW YORK, Jul 29, 2009 (BUSINESS WIRE) -- Responding to growing customer demand for proximity hosting and internet infrastructure services, along with low latency connectivity to major financial exchanges, Savvis, Inc. (SVVS) today announced plans for a significant expansion to its flagship financial services hosting facility, Savvis NJ2, in Weehawken, N.J. The expanded facility, Savvis NJ2X, combined with Savvis NJ2, creates a powerful financial data center complex that extends Savvis' footprint in the highest demand market for its services, the New York-New Jersey financial hub.

Savvis has completed a transaction to lease space adjacent to Savvis NJ2 that will directly connect via fiber and yield approximately 105,000 square feet of raised floor for the deployment of high-performance hosting and low latency financial exchange connectivity for the financial services industry.

The expansion enables customers to expand their current offerings and for Savvis to attract new customers. Along with Proximity Hosting solutions, the expanded facility will offer customers the opportunity to utilize other Savvis services designed specifically for the financial community, including web solutions, software-as-a-service (SaaS) and cloud computing.

"The demand in the marketplace for financial IT infrastructure continues to grow as companies outsource to trusted providers," said Phil Koen, Chief Executive Officer of Savvis. "Today's news creates a strong financial data center complex with two of our state-of-the-art facilities making Savvis the destination of choice for financial services companies."

Initial plans call for:

-- Approximately 35,000 square feet of raised floor that is expected to be completed by the second quarter of 2010

-- Expansion potential for an additional 70,000 square feet of raised floor

-- A direct connection between buildings, which will allow customers to host trading applications to several liquidity centers via Savvis Proximity Hosting solutions

-- Four floors, with the second floor build-out occurring in 2009. An expected limited capital investment of $10 million in 2009, within the range of current company guidance for the full year, and $12 million in 2010

The new data center complex is in response to the continued market demand for hosting services. Gartner estimates the current market for hosting services will grow from $46.4 billion in 2009 to reach $150.1 billion in 2013 (Gartner's Forecast: Sizing the Cloud; Understanding the Opportunities in Cloud Services, published March 18, 2009.)

Savvis currently operates 28 data centers globally encompassing more than 1.4 million square feet of raised floor space designed to support enterprise IT operations. In addition, Savvis was recently positioned as a leader in the Gartner Magic Quadrant for Web Hosting and Cloud Infrastructure (on Demand), 2009, and can be accessed at www.savvis.net/magicquadrantleader

About Savvis

Savvis, Inc. (SVVS, Trade ) is a global leader in outsourced internet infrastructure services for the enterprise. More than 4,000 customers, including 40% of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information visit www.savvis.net

Forward-Looking Statements

This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from Savvis' expectations. Certain factors that could affect actual results are set forth as risk factors in Savvis' SEC reports and filings, including its annual report on Form 10-K and all subsequent filings as well as the risk that potential product cost and performance benefits may not be realized for any particular customer. Savvis assumes no obligation to update or supplement forward-looking statements.

SOURCE: Savvis, Inc.


Savvis, Inc.
Carter Cromley, 703-667-6110
[email protected]
or
OgilvyPR Worldwide
David Friedman, 303-634-2674
[email protected]

Savvis Reports Second Quarter 2009 Results...

ST. LOUIS, Jul 29, 2009 (BUSINESS WIRE) -- --Adjusted EBITDA* of $55.1 Million, up 23% Year-Over-Year

--Adjusted Free Cash Flow* of $15.3 Million

Savvis, Inc. (SVVS), a global leader in outsourced internet infrastructure services for enterprises, today reported its second quarter 2009 financial results, with revenue of $219.9 million, compared to $212.9 million in the second quarter of 2008. Second quarter 2009 revenue included $6.5 million of non-recurring early termination fees (ETF) related to the departure of the American Stock Exchange (AMEX), following its acquisition by NYSE Euronext. Excluding this amount, revenue was $213.4 million, up slightly on a year-over-year basis.

Income from operations for the second quarter of 2009 was $9.5 million, compared to $0.9 million in the second quarter of 2008. The company also reported a net loss of ($6.2) million, or ($0.12) per share, in the second quarter of 2009, which is an improvement compared to a second quarter 2008 loss of ($10.6) million, or ($0.20) per share.

Adjusted EBITDA for the second quarter of 2009 was $55.1 million, compared to $44.7 million of adjusted EBITDA in the second quarter of 2008. Excluding the AMEX non-recurring ETF, adjusted EBITDA was $48.6 million and up 9% on a year-over-year basis. In addition, Savvis reported positive adjusted free cash flow of $15.3 million for the second quarter.

"I'm pleased with our progress to date, especially in light of the overall macroeconomic conditions. As expected, our results for the second quarter were positive," said Phil Koen, chief executive officer of Savvis. "I'd like to specifically call out our continued positive adjusted free cash flow. This metric, along with return on capital employed*, really defines the kind of success we have seen with our focus on managed hosting. We will continue to make the best use of our capital, as we position the company for long-term growth through our managed hosting strategy."

Second Quarter Overview

Total Savvis revenue for the second quarter was $219.9 million. Both including and excluding the AMEX non-recurring ETF, revenue was up, when compared to revenue of $212.9 million in the second quarter of 2008, and down, when compared to first quarter 2009 revenue of $221.5 million. The quarterly decline reflected slower growth in Managed Hosting and churn in Colocation related to the departure of an internet content customer in one of the company's data centers.

Income from operations of $9.5 million showed an improvement from the $0.9 million recorded in the second quarter of 2008. For the first quarter of 2009, the company reported income from operations of $15.6 million.

A consolidated net loss of ($6.2) million was recorded in the second quarter of 2009, compared to a loss of ($10.6) million in the second quarter of 2008 and net income of $0.6 million in the first quarter of 2009. Savvis recorded a loss per share of ($0.12) in the second quarter of 2009, compared to a loss per share of ($0.20) in the second quarter of 2008 and earnings per share of $0.01 in the first quarter of 2009.

For the second quarter, adjusted EBITDA was $55.1 million. Excluding the $6.5 million AMEX non-recurring ETF, adjusted EBITDA improved 9% from adjusted EBITDA of $44.7 million in the second quarter of 2008 and declined on a quarter-over-quarter basis. Excluding the second quarter AMEX non-recurring ETF, adjusted EBITDA margin for the quarter was 23%. This reflects a year-over-year improvement of approximately 180 basis points and a quarter-over-quarter decline of approximately 380 basis points.

Overall Hosting revenue was $152.2 million in the second quarter, and on a year-over-year basis, Hosting was up 9%. The year-over-year improvement in Hosting revenue reflects increased enterprise interest in outsourced hosting offerings, due to the more challenging economic conditions. However, the overall sales cycle remains elongated, compared to historical trends.

For the quarter, Managed Hosting contributed $67.3 million to overall Hosting revenue, or 44%. Year-over-year, Managed Hosting revenue grew 4%, while on a quarter-over-quarter basis, revenue was down slightly.

Colocation contributed $84.9 million to overall Hosting revenue in the second quarter, or 56%. Year-over-year, Colocation grew 14%. On a quarter-over-quarter basis, Colocation grew slightly, despite some increased churn during the quarter related to the departure of an internet content customer.

In the second quarter, Network Services revenue was 31% of overall revenue, or $67.7 million. This represented an (8%) year-over-year decline and a (2%) quarter-over-quarter decline. Savvis continued to focus on network customers within its service profile.

Highlights

For the second quarter of 2009, the Financial Vertical represented 27% of total revenue, or $60.0 million. Financial Vertical revenue in the quarter was up 10%, compared to the second quarter of 2008, and 5%, compared to the first quarter of 2009. The funnel for new Financial Vertical business remains strong, and today Savvis announced that it has added Credit Suisse Crossfinder to its roster of customers.

During the quarter, Savvis announced a three-year extension of its master services agreement with Thomson Reuters, its largest customer with 7% of revenue. In addition to other managed hosting and IT infrastructure services, Savvis will continue to manage the IT infrastructure solutions required for the collection of exchange data for Thomson Reuters market data services worldwide.

Savvis also received several significant certifications during the second quarter. The company achieved Cisco Powered designation for Managed TelePresence(TM) Network Connection. In addition, Savvis joined the Microsoft Software + Services Incubation Center Program as a Gold Certified Microsoft partner, based on its abilities as a global hosting and IT infrastructure services provider in delivering Software-as-a-Service (SaaS) enablement services to independent software vendors (ISVs) and enterprise customers.

In addition to other SaaS wins, two significant new customers joined Savvis during the quarter. Savvis is providing MedeAnalytics with a managed IT infrastructure services solution, which includes managed compute, storage, network and security. Savvis also announced that it is providing global IT infrastructure solutions to Workday, Inc., the leader in enterprise-class, SaaS-based human resource and financial solutions. Savvis' SaaS infrastructure solutions are focused on providing a secure, scalable, global and function-rich cloud hosting platform that enables fast, economical and reliable deployment of SaaS applications. SaaS continues to be a strong focus for Savvis, and revenue in this area grew 3%, quarter-over-quarter.

Finally, Savvis was positioned in the Leaders Quadrant in the Web Hosting and Hosted Cloud System Infrastructure Services Magic Quadrant. The Gartner Magic Quadrant is widely recognized as one of the most influential reports for enterprises seeking to evaluate hosting vendors. Its evaluation is based on completeness of vision, including market understanding, product strategy and innovation, and assesses ability to execute, which includes operations and overall viability, among other criteria.

Cash Flow and Balance Sheet

Net cash provided by operating activities was $38.4 million in the second quarter of 2009, compared to $21.4 million in the second quarter of 2008. Cash capital expenditures for the quarter totaled $27.2 million.

As of June 30, 2009, the long-term debt and capital leases for Savvis (net of current portion) totaled $562.5 million. The company's cash position at June 30, 2009, was $154.9 million, compared to $145.9 million at March 31, 2009.

Financial Outlook

"Although we are seeing an improving overall environment, we still expect our third quarter revenue to be down sequentially," said Greg Freiberg, chief financial officer for Savvis. "However, given our sales funnel and the quality of engagements to date, we are targeting a return to top- and bottom-line growth during the fourth quarter."

Reflecting its first half results, Savvis now expects the following for full year 2009:

-- Adjusted EBITDA of $195 to $210 million, an increase over previous guidance of $190 to $200 million

-- Total cash capital expenditures of $110 to $140 million, including $10 million to be expended in 2009 for the expansion of the financial data center complex in metro New York

-- Cash interest expense (net) of approximately $40 to $45 million

-- Adjusted free cash flow of $25 to $45 million, an increase over previous guidance of $20 to $35 million

Investor Conference Call

Savvis will webcast an investor conference call today, July 29, 2009, at 10:00 a.m. ET. Both the webcast and supporting presentation will be available at savvis.net on the Investor Relations page. A live conference call will also be available by telephone at (866) 837-9780 for financial analysts in North America or (703) 639-1418 for international analysts. A replay will be available on the Web site for six months. Investors may also access the replay by telephone through Wednesday, August 12, by dialing (888) 266-2081 in North America or (703) 925-2533 internationally and using the access code 1376623.

About Savvis

Savvis, Inc. (SVVS, Trade ) is a global leader in outsourced internet infrastructure services for enterprises. More than 4,000 customers, including 40 percent of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information visit www.savvis.net .

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from Savvis' expectations. Certain factors that could adversely affect actual results are set forth as risk factors described in Savvis' SEC reports and filings, including its annual report on Form 10-K for the year ended December 31, 2008, and subsequent filings. Those risk factors include, but are not limited to, uncertainties in economic conditions, including conditions that could pressure enterprise IT spending; introduction of, demand for and market acceptance of Savvis' products and services; whether or not Savvis is able to sign additional outsourcing deals; variability in pricing for those products and services; merger and acquisition activity by Savvis customers or other customer activity that affects the level of business done with Savvis; rapid evolution of technology; changes in our operating environment; and changes in regulatory environments. The forward-looking statements contained in this document speak only as of the date of publication, July 29, 2009. Subsequent events and developments may cause the company's forward-looking statements to change, and the company will not undertake efforts to revise those forward-looking statements to reflect events after this date.

* Non-GAAP Measures

Savvis includes information pertaining to certain non-GAAP measures in conjunction with reporting of its quarterly financial results. "Adjusted EBITDA" represents income from operations before depreciation, amortization and accretion, gains and losses on sales of assets, and non-cash, equity-based compensation. We have included information concerning adjusted EBITDA because we believe that in our industry such information is a relevant measurement of a company's operating financial performance and liquidity. "Adjusted free cash flow" represents adjusted EBITDA less cash capital expenditures and less cash interest, net. We have included information concerning adjusted free cash flow because we believe that in our industry such information is a relevant measurement of a company's operating financial performance and liquidity. "Return on capital employed" represents operating cash flow divided by capital employed (short-term and long-term debt plus equity). We have included information concerning return on capital employed because we believe that in our industry such information is a relevant measurement of a company's operating financial performance and its efficient use of capital. The calculations of adjusted EBITDA, adjusted free cash flow and return on capital employed are not specified by United States generally accepted accounting principles. Our calculations of adjusted EBITDA, adjusted free cash flow and return on capital employed may not be comparable to similarly-titled measures of other companies.

SOURCE: Savvis, Inc.


Savvis, Inc.
Investors:
Peggy Reilly Tharp, 314-628-7491
[email protected]
or
Media:
Carter Cromley, 703-667-6110
[email protected]

•Savvis shares jump after co. narrows 2Q loss

By the time the economy picks up again- we should have a multi-year window to continue to reap the benefits of an established infrastructure.
People will eventually wake up as earnings start to improve- which they will- dramatically- in the next 12-24 months.
Patience is key. People just don't have it anymore...
Looking forward to the conference call.


52wk Range: 4.61 - 18.52
Volume: 1,177,111
Avg Vol (3m): 324,448

Technicals
Percentage Gainer

Last Price Quote is:
14.94%above 13-day MA
23.86%above 50-day MA
RS Rating: 87  

Fundamentals
Earnings Surprise
Reports Earnings
Earnings Expected on Jul 29

Key Data:
Market Cap (M): $719.50  
P/E Ratio: 6.00  
PEG Ratio: -1.48592  
Next Earnings: 10/28/2009
Last Analyst Rating: Overweight

•Coverage initiated on SAVVIS Comm by Dougherty & CompanyBriefing.com(Thu, Oct 14)

Technicals
Last Price Quote is:
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RS Rating: 92 

Day's Range: 20.95 - 21.81
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Avg Vol (3m): 423,971

The 2 year chart , from breaking out of a cup and handle,
then going into a ascending triangle....Breaking out of this chart pattern also.

SVVS Savvis Delivers Year-over-Year Revenue Growth of 13% and Adj... 


ST. LOUIS, Oct 27, 2010 /PRNewswire via COMTEX/ -- Savvis, Inc. (SVVS, Trade ), a global leader in cloud infrastructure and hosted IT solutions for enterprises, today reported its third quarter 2010 financial results, with revenue of $241.9 million, compared to $213.2 million in the third quarter of 2009. Adjusted EBITDA* was $59.7 million, compared to $51.2 million of adjusted EBITDA in the third quarter of 2009.

"Savvis continues to deliver on its stated goal of exiting the year at a quarterly sequential double-digit run rate for both revenue and adjusted EBITDA growth," said Jim Ousley, chairman and chief executive officer for Savvis. "The company-wide changes and improvements we have made over the past year, specifically in sales and marketing, are now flowing through to our results. Based on the strength we continue to see in bookings, installs and renewals, we expect to continue on this path throughout 2011."

Income from continuing operations for the third quarter of 2010 was $3.5 million, compared to $4.5 million in the third quarter of 2009. Savvis reported a net loss of ($26.2) million, or ($0.47) per share, in the third quarter of 2010, and this amount includes approximately $11.8 million in costs related to the company's debt refinancing, which occurred during the quarter. Savvis had a net loss of ($9.9) million, or ($0.18) per share, in the third quarter of 2009.

Third Quarter Overview

Total Savvis revenue for the third quarter was $241.9 million, up 9% compared to second quarter 2010 revenue of $221.8 million. Revenue improved in the third quarter, as the company continued to exceed its internal bookings, installs and renewals targets for 2010.

Adjusted EBITDA was $59.7 million for the third quarter of 2010, up 9% compared to $54.7 million of adjusted EBITDA in the second quarter of 2010. Growth in adjusted EBITDA continues to track the company's quarterly sequential improvements in revenue.

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Technicals
Last Price Quote is:
12.82%above 13-day EMA
20.93%above 50-day EMA
RS Rating: 93 

Savvis Responds to G-Cloud Demand in the United Kingdom...  by PR Newswire  Mar 28 2011 2:01AM 

LONDON, March 28, 2011 /PRNewswire via COMTEX/ -- Savvis, Inc. (SVVS) today announced its Government Wide Service (GWS) platform is now available to all government departments and third-party suppliers in the United Kingdom. The Infrastructure-as-a-Service platform provides a solution for government agencies looking toward a "G-Cloud" model of hosted, reduced-cost IT operations and services.


Utilising Savvis' pre-built, accredited GWS platform virtually eliminates upfront capital costs for new projects and also decreases deployment time. Government IT departments and suppliers benefit from immediate access to infrastructure and only pay for the consumption of their IT services on a pay-as-you-go basis, rather than the costly procurement, maintenance and management of hardware.

"Historically, progress in delivering the e-government agenda has been hampered due to high costs and complexity around government-required risk control and security management," said Neil Cresswell, managing director, EMEA, at Savvis. "Making GWS available to the market removes these hurdles; opening up the government market to a wider range of suppliers and offering government bodies the potential to cost-effectively deploy new services, paying only for the IT infrastructure that they actually consume."

Unlike other platforms in the U.K. market, GWS offers efficient and flexible procurement of data centre infrastructure that includes converged connectivity to secure government networks. The platform is accredited and secure at widely used government impact levels IL3, which is connected to the government intranet, and IL2, which is connected to the public Internet.

"GWS has the potential to be more than a platform: It could serve as a SaaS marketplace for the U.K. government," Cresswell said. "By providing a level playing field for software vendors to deliver services for government departments, GWS ushers in a new wave of smart services and lays the groundwork for government application stores, which will further drive down the cost of IT for the country."

About Savvis

Savvis, Inc. (SVVS, Trade ) is a global leader in cloud infrastructure and hosted IT solutions for enterprises. Nearly 2,500 unique clients, including 32 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information, please visit www.savvis.com .

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the timing and magnitude of future expansion. Actual results may differ materially from expectations. The forward-looking statements contained in this document speak only as of the date of publication, March 28, 2011. Subsequent events and developments may cause the company's forward-looking statements to change, and the company will not undertake efforts to revise those forward-looking statements to reflect after this date.

SOURCE Savvis, Inc.

SVVS  United Kingdom Ministry of Justice Selects Savvis for...  by PR Newswire  Mar 28 2011 2:03AM

LONDON, March 28, 2011 /PRNewswire via COMTEX/ -- Savvis, Inc. (SVVS), a global leader in cloud infrastructure and hosted IT solutions for enterprises, will provide hosted operations and services to the United Kingdom Ministry of Justice (MoJ) as part of a five-year, 14 million pound agreement.


Savvis will provide the MoJ with access to its Government Wide Service (GWS), an Infrastructure-as-a-Service platform recently made available to all government departments and third-party suppliers in the U.K. GWS provides a solution for government agencies looking toward a "G-Cloud" model of hosted, reduced-cost IT operations and services. The platform supports the MoJ's shared services programme, which is expected to deliver annual savings of 28 million pounds per year by 2014.

The MoJ will use the secure platform for its Enterprise Resource Planning (ERP) system, which is being designed by Steria and implemented by Accenture. The ERP system will deliver transactional and professional services to more than 80,000 users as part of MoJ's Common Operating Model for human resources, finance, purchase and payroll systems. It is scheduled to be fully operational by spring 2013.

"By selecting Savvis' GWS, the Ministry of Justice gains instant access to secure infrastructure and obtains the interdepartmental connectivity required for the ERP system," said Neil Cresswell, managing director, EMEA, at Savvis. "The platform also eliminates the extensive and costly design, construction and testing process typically associated with infrastructure required for this type of project."

Utilising the pre-built, accredited GWS platform virtually eliminates upfront capital costs for new projects and also decreases deployment time. Government IT departments and suppliers benefit from immediate access to infrastructure and only pay for the consumption of their IT services, rather than the costly procurement, maintenance and management of hardware.

The MoJ joins the U.K. Home Office in using the GWS for delivering centralised applications.

About Savvis

Savvis, Inc. (SVVS) is a global leader in cloud infrastructure and hosted IT solutions for enterprises. Nearly 2,500 unique clients, including 32 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information, please visit www.savvis.com .

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the timing and magnitude of future expansion. Actual results may differ materially from expectations. The forward-looking statements contained in this document speak only as of the date of publication, March 28, 2011. Subsequent events and developments may cause the company's forward-looking statements to change, and the company will not undertake efforts to revise those forward-looking statements to reflect after this date.

SOURCE Savvis, Inc.

InPlay...
6:32AM SAVVIS Comm to be acquired by CenturyLink (CTL) for $40 per share in cash and stocks (SVVS) 36.02 : CenturyLink (CTL) and Savvis (SVVS) announce that their boards of directors have approved a definitive agreement under which CenturyLink will acquire all outstanding shares of Savvis common stock in a cash and stock merger valued at $40 per share, or a total of ~$2.5 billion, plus net debt of ~$0.7 billion which will be assumed or refinanced at close. Under the terms of the transaction, Savvis stockholders will receive $30 per share in cash and $10 in shares of CenturyLink common stock. The consideration represents an 11% premium over Savvis' closing stock price as of the close of trading on April 26, 2011 and a premium of 53% compared to Savvis' stock price at the beginning of the year. The acquisition of Savvis is expected to improve CenturyLink's revenue, EBITDA and free cash flow growth profile. CenturyLink expects to realize approximately $70 million in full run-rate annual operating cost and capital expenditure synergies. The transaction is expected to be accretive to CenturyLink's free cash flow per share. The companies anticipate closing the transaction in the second half of 2011. CenturyLink has received a commitment letter from Bank of America Merrill Lynch and Barclays Bank PLC for bridge debt facilities aggregating up to $2 billion to fund a portion of the acquisition and refinancing of Savvis' current debt.

CenturyLink to buy Savvis for $2.5 billion...

On Wednesday April 27, 2011, 7:37 am
(Reuters) - Rural telephone service provider CenturyLink Inc (NYSE:CTL - News) is to buy Savvis Inc (NasdaqGS:SVVS - News) for about $2.5 billion in cash and stock to beef up its data centers business as it looks to meet the growing demand for cloud-based services.

Data center operators -- an important part of the fledgling cloud computing infrastructure -- have seen a spurt of deals in the last one year, including the recent Verizon Communications' (NYSE:VZ - News) buy of Terremark Worldwide.

CenturyLink will pay Savvis stockholders $30 per share in cash and $10 in shares, and will take on debt of about $700 million.

The offer is 11 percent more than Savvis' Tuesday close on Nasdaq.

CenturyLink said it would merge its hosting operations with Savvis' managed hosting and cloud businesses and the segment will be headed by Savvis CEO James Ousley.

The combined company will operate 48 data centers in North America, Europe and Asia.

CenturyLink expects to save about $70 million in full run-rate annual operating cost and capital expenditure, it said in a statement.

CenturyLink, which expects the deal to add to its free cash flow per share, said the acquisition would help improve its revenue, EBITDA and free cash flow growth profile.

CenturyLink had Barclays Capital and BofA Merrill Lynch as financial advisers and Wachtell, Lipton, Rosen & Katz and Jones, Walker, Waechter, Poitevent, Carrere & Denegre as legal advisers.

Shares of Savvis closed at $36.02 on Tuesday on Nasdaq, while those of CenturyLink closed at $40.32 on Tuesday on the New York Stock Exchange.