GDS Clocks 7.4% Growth In Q1 Revenues, Sees New Business Wins In Mainland China
Portfolio Pulse from Nabaparna Bhattacharya
GDS Holdings Limited reported Q1 FY23 net revenue growth of 7.4% YoY to $350.77 million, missing the consensus of $351.20 million. Loss per ADS was $(0.39), missing the consensus loss of $(0.31). The company reiterated its FY23 outlook and sees new business wins in mainland China.
May 25, 2023 | 3:54 pm
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GDS Holdings reported a 7.4% YoY increase in Q1 FY23 net revenue but missed consensus estimates. The company sees new business wins in mainland China and reiterated its FY23 outlook.
GDS Holdings reported a YoY increase in revenue, but missed consensus estimates, which may have a neutral impact on the stock price. The company's optimism about new business wins in mainland China and the reiteration of its FY23 outlook may balance out the negative sentiment from missing estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100