Legacy infrastructure will fail to meet regulatory compliance objectives, say over 70% of Banking & Insurance professionals

from www.bobsguide.com:

>>INTERXION HOLDING NV (NYSE: INXN), a leading European provider of carrier-neutral colocation data centre services, today announced the results of an independent study and whitepaper by financial industry think-tank, JWG. The research is focused on the impact of anticipated regulation of the financial services industry on the ICT infrastructure requirements of banking and insurance firms across Europe.

The research - based on interviews with select industry practitioners, a pan-European industry survey of IT decision makers within banking and insurance firms and a review of more than 4,000 pages of regulation stipulated by the G20 in the aftermath of the financial crisis. These include the implementation of new capital requirements, as defined by Basel III and Solvency II, and reforms such as MiFID II and the European Market Infrastructure Regulation (EMIR) that will significantly affect firms’ systems, controls, reporting and record keeping ability. These regulations require major upgrades starting in 2012 and rippling across industry sectors for the rest of the decade.

The study found that a massive 71% of respondents did not believe that legacy system upgrades required to meet compliance objectives would be complete by the required implementation date in 2015, while an overwhelming 90% stated that penalties for non-compliance by the end of this year will run into the tens of millions of dollars.

TeleCity Group delivers a strong year

Read the whole article at Telecom Ramblings:

>>Telecity Group (LON:TCY, news, filings), one of Europe’s leading network-neutral data center providers, today announced its results for 2011 and issued a positive outlook for 2012. Some highlights:

• Total revenues in 2011 were £ 239.8 million (approximately $ 378 million), a 22% increase on the previous year (£ 196.4 million);
• Adjusted EBITDA reached £ 106.2 million (approximately $ 167.5 million), up 27% from 2010 (£83.4 million);
• Adjusted EBITDA margins reached 44.3%, compared to 42.5% in 2010;
• Adjusted profit, before tax, reached £ 67 million (approximately $ 105.6 million), an increase of 26% compared to last year’s £ 53 million adjusted profit.

Digital Realty Trust Earnings Preview

Read the whole article at Seeking Alpha:

>>Digital Realty Trust (DLR) will be reporting Q3 2011 earnings next Thursday, October 27, before market open.

In Q2 2011 the company reported FFO of $1.02 per diluted share and unit, an increase of 34.2% from $0.76 per diluted share and unit in Q2 2010, and total operating revenues of $267.9 million.

Digital Realty has a history of increasing FFO since its IPO, with a 19,9% compounded annual growth reached from 2005 to 2010, as shown in the attached spreadsheet. For 2011, the company recently guided for FFO to range between $3.99 and $4.05 per diluted share and unit, an increase of $0.02 at the mid point from the previous forecast.

Fire Damages NYSE Data Center In New Jersey

from WSJ:

>>The parent of the New York Stock Exchange reported late Sunday that an electrical fire had damaged its New Jersey data center, though exchange trading systems housed there were unaffected.

The blaze was contained to one room that housed connections linking firms to other New York communications hubs, according to a notice sent Sunday night to clients. There were no injuries as a result of the fire, the notice said.

Has Market Volatility Created Buying Opportunities in Data Center Sector?

Read the whole article at Seeking Alpha:

>>In case you did not notice, the market tanked recently, and data center-related stocks were no exception to the rule. All stocks we follow now trade lower, compared to the end of July.

Has market volatility created a buying opportunity? Hard to say, without knowing if this correction is just a hiccup or the start of a real downtrend for the whole stock market, which any stock could hardly resist. The question we will try to answer is an easier one: Has any data center-related stock been hit more than its fundamentals probably deserved in this downturn?

21Vianet: Good Margins Along With Risky Outsourcing Contracts

Read the whole article at Seeking Alpha:

>>Last week, 21Vianet Group, Inc. (VNET), the largest carrier-neutral Internet data center services provider in China, announced its unaudited financial results for Q2 2011.

Here are some of the highlights:

Amazon AWS Cloud Computing Unit Drives Analysts Crazy

Read the whole article at Seeking Alpha:

>>Get out your crystal balls: join several analysts in today's guessing game, giving Amazon's (AMZN) AWS cloud computing unit a revenue run rate.

Amazon Web Services (AWS) provide companies with an infrastructure web services platform in the cloud. The company started offering these services in 2006, but only recently analysts have started considering the unit worth a closer look.

Back in 2010, Amazon's Chief Executive Jeff Bezos said, at the company's shareholder meeting, that AWS had the potential to be as big as the firm's retail business – giving investors a good reason for some added diligence into its financials.

Mixed Month for Data Center Stocks, Yet Year-to-Date Remains Strong

Read the whole article at Seeking Alpha:

>>Data center related stocks enjoyed a mixed performance in May, as the REIT category was the only sub-sector delivering a solid positive performance (with increases ranging from 3.4% to 12.1%), while the other stocks fluctuated on average from slightly positive to single-digit declines. The worst performance was achieved by Limelight Networks (LLNW), falling about 10% in the month. However, it's today's news that Jim Cramer, in spite of the recent soft performance, still likes the stock.

21Vianet: Solid Growth in Data Center Services

Read the whole article at Seeking Alpha:

>>21Vianet Group (VNET) announced yesterday its unaudited financial results for the first quarter of 2011. The company describes itself as the largest carrier-neutral Internet data center services provider in China, and completed its IPO at the end of April, selling about 14,950,000 American depositary shares ("ADSs"), including 1,950,000 ADSs purchased by the underwriters pursuant to the exercise of their over-allotment option at $15, or $2 above the high end of the originally proposed range. Each ADS represents six Class A ordinary shares of the company.

Data Center Related Stocks: Q1 Earnings Performance

Read the whole article at Seeking Alpha:

>>Time for a complete look at earnings performance for data center related stocks following our previous, partial update at the end of April.

21Vianet IPO: A Closer Look at the Company

Read the whole article at Seeking Alpha:

>>In my previous article I tried to examine the landscape surrounding 21Vianet's (VNET) IPO, which can be resumed, using a quote from a recent Seeking Alpha article by Screener.co, as an environment where "high growth tech companies in emerging markets are trading at sky high valuations."

21Vianet IPO: Are Chinese Internet Multiples Sustainable?

Read the whole article at Seeking Alpha:

>>After 21Vianet (VNET) completed its IPO at $15 ($2 above the high end of the proposed range) and its shares jumped to over $21 on their first trading day, I wrote a brief article wondering if 21Vianet's multiples were sustainable.

To my surprise (I'm really very bad at predicting short term stock movements), the stock declined since its peak and is now trading closer to its IPO price, at about $ 15.50.

Internap Q1 Results: A Potential Inflection Point

Read the whole article at Seeking Alpha:

>Last week Internap (INAP) reported Q1 2011 results, which came slightly lower than consensus.

Here are some of the highlights:

• Revenues for the quarter were $59.4 million, compared with $63.4 million in Q1 2010 and $60.0 million in Q4 2010, slightly lower than Street's forecast of $60.5 million.

Data Center-Related Stocks Offering Mostly Double Digit Returns YTD

Read the whole article at Seeking Alpha:

>>Data center-related stocks scored, on average, another positive month in April, as the first earning calls delivered some solid results and contributed to good gains in the sector.

Earnings Preview: Internap

Read the whole article at Seeking Alpha:

>>Internap (INAP) will be reporting Q1 2011 earnings after market close on Thursday, April 28. On average, analysts expect the company to report revenues of $60.5 million and a profit of $0.02 per share. In Q4 2010, Internap reported revenues of about $60.0 million, and a GAAP net loss of $0.4 million.

Earnings Preview: Digital Realty

Read the whole article at Seeking Alpha:

>>Digital Realty Trust, Inc. (DLR) will be holding its Q1 2011, conference call Thursday, April 28, at 1:00 pm ET.

The company's results will be closely watched as Digital Realty may be considered a bellwether for the wholesale data center market that has so far delivered solid returns YTD. Other players in the sector include Dupont Fabros Technology (DFT) and CoreSite (COR).

Savvis Q1 Earnings Preview

Read the whole article at Seeking Alpha:

>>Savvis (SVVS) will be reporting its Q1 2011 financial results before the market opens on Wednesday, April 27.

The company is one of the best performers in the data center sector, having appreciated more than 47% YTD, mainly thanks to the hype surrounding cloud computing stocks, especially after two competitors, Terremark (TMRK) and Navisite (NAVI) were both acquired at a strong premium at the beginning of the year.

A Quick Look at Interxion's Q4 Results

Read the whole article at Seeking Alpha:

>>InterXion (INXN), a a leading European provider of carrier-neutral colocation data centre services, today reported Q4 and full year 2010 results.

All Eyes on Interxion Q4 Earnings This Week

Read the whole article at Seeking Alpha:

>>Interxion (INXN) will report Q4 2010 results Wednesday, March 23. The company will host a conference call on the same day at 8.30 a.m. ET.

Analysts have just started covering the company, which recently priced its IPO at $13.00 per share, and started trading on the NASDAQ market on January 28.

Nasdaq: technology is key in exchange mergers

from www.datacenterdynamics.com:

>>Technology is a key driver in rapid consolidation that has been taking place in the stock exchange space, Robert Waghorne, senior VP of European markets technology at Nasdaq OMX, said. Waghorne delivered a keynote presentation at the DatancenterDynamics New York 2011 conference on Thursday, March 10.