Strong demand for cloud services, bandwidth and infrastructure grew Interoute’s top-line revenues in 2011 to €366 million ($483 million) for the year, or a 24% increase over the same period in 2010.
Interoute also boosted EBITDA by 16.5% to €68 million ($89.6 million). Despite substantial investments in new services and expanded infrastructure, the company increased profitability, to €7.6 million ($10.2 million).
Interoute has augmented its core internet infrastructure, expanding its range of cloud services for the enterprise that now account for a majority of the company’s revenues. Known as Unified ICT, the strategy launched in 2009 and anticipated and responded to the market’s needs by offering connectivity, computing and communications over its pan-European network on a flexible cost model - the Interoute Cloud.
In the fourth quarter, Interoute also augmented its Cloud services portfolio through the acquisition of an Application Management business, formerly known as Quantix, and by launching its online Cloudstore.
“Our strategy is to provide innovative, competitive cloud services to the enterprise market and to retain our place as the preferred provider of internet infrastructure across the European footprint – as these are the two drivers of our growth. Today, as video, data and cloud computing gain momentum, Interoute is perfectly positioned to serve national and international enterprises, as well as the service providers who connect the world,” said Gareth Williams, Interoute CEO.