The Planet Reports First Quarter Results

April 29, 2009 by · Comments Off on The Planet Reports First Quarter Results 

The PlanetWeb Hosting ToolsHOUSTON – The Planet, the global leader in IT hosting, today discussed its results for the quarter ended March 31, 2009. The Planet provides quarterly updates to its customers, business partners and prospects with information relative to new initiatives and its progress.

“Our largest accounts fueled our growth this quarter, with virtual and private rack solutions making significant contributions to our revenue,” said Chairman and Chief Executive Officer Douglas J. Erwin. “Of note is that one-third of our sales this quarter were derived from products and services that didn’t exist in our portfolio just one year ago. Customer satisfaction remains at record-high levels in both our call center and in our data centers.

“Despite the challenging economic environment faced by companies around the world, including our own, we continued our strong year-over-year double-digit revenue growth,” Erwin continued. “We are financially stable and well-positioned to sustain our business model, backed by our $45 million credit facility secured last fall. Our new colocation facility in North Dallas is scheduled to open this quarter, and leasing has begun on our new London data center. We are continuing our strategic direction, putting into place the infrastructure that will maximize our returns as the economy rebounds. More than any company in our business, we provide our customers with the best and broadest range of cost-effective hosting options in the industry.” Read more