GDS Holdings Limited (GDS) Reports Q3 Loss of $0.02, Revenues Beat
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GDS Holdings Limited Reports Third Quarter 2018 Results
November 13, 2018 5:00 AM ESTSHANGHAI, China, Nov. 13, 2018 (GLOBE NEWSWIRE) -- GDS Holdings Limited (GDS Holdings, GDS or the Company) (NASDAQ: GDS), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the quarter ended September 30, 2018.
Third Quarter 2018 Financial Highlights
Net revenue increased by 79.7% year-over-year (Y-o-Y) to RMB762.8 million (US$111.1 million) in the third quarter of 2018 (3Q2017: RMB424.4 million).Service revenue increased by 77.9% Y-o-Y to RMB752.6 million (US$109.6 million) in the third quarter of 2018 (3Q2017: RMB423.0 million).Net loss was... More