More on 21Vianet Q2 results

|About: 21Vianet Group (VNET)|By:, SA News Editor

21Vianet's (VNET) adjusted EBITDA rose 23.8% Y/Y to $14.2M (RMB87.2M).

Management issued in-line guidance for Q3 of revenue of $83M-$$85M (RMB508M-RMB520M) and for adjusted EBITDA of $15M-$17M (RMB92M-RMB102M).

 Operational highlights: Monthly Recurring Revenues per data storage cabinet grew 1.3% Q/Q. Total cabinets managed rose 2.2% Q/Q to 12,226. Utilization rose by 2.1% from Q1 to 70.2%. Churn rate ticked down to 1.47% from 1.75% in Q1 (top 20 customers' churn remained 0%).

Conference call scheduled for 8pm ET