Tuesday, June 3, 2008

Terremark Worldwide - Earnings Call Transcript

Some highlights for the conference call, thanks to Seeking Alpha transcripts:

>>Manuel Medina

First our fiscal 2008 results were exceptional. We met our guidance for the year. ... Our pipeline is very strong and our Q4 bookings were the best ever. In short, business is booming and based on our strong contract executions to date, we are raising guidance for fiscal year 2009.

We reported record Q4 bookings of $29.6 million, 70% of which were derived from existing customers.

Jose Segrera

Additionally we are seeing a healthy pricing environment for both our collocation and managed services. Our bookings for the March quarter were evenly distributed between collocation and managed hosting deals and as we look out over the next quarter we continue to see strong demand for the two product lines.

Tom Watts – SC Cowen & Co.

Some of the other companies in the sector, virtually everybody has seen very strong demand for COLO but some companies have experienced a slowing of sales cycle for managed hosting, have you seen any impact of the economy in areas of your business?

Manuel Medina

We have not ...

Jose Segrera

From a pricing standpoint the pricing environment is really comparable to what we’ve seen over the past quarter or two, it’s strong. We’re not seeing any downward pressures. We’re seeing strong pricing as we’re very happy with the prices and the price points that we’re getting as we’re signing up customers now ... and we’re seeing the same trends on the managed services side. Aren’t really seeing any downward pressure ...

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