GDS Holdings Tops Q2 Estimates, Reaffirms FY23 Outlook
Portfolio Pulse from Lekha Gupta
GDS Holdings Ltd reported a Q2 FY23 net revenue growth of 7.0% Y/Y to $340.91 million, beating the consensus of $337.64 million. The total area committed and pre-committed by customers rose 8.4% Y/Y to 637,661 square meters. Adjusted EBITDA rose 16.3% Y/Y to $170.3 million. The company reaffirmed its FY23 outlook. GDS shares are trading higher by 6.30% at $10.80 premarket.
August 22, 2023 | 1:29 pm
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POSITIVE IMPACT
GDS Holdings reported strong Q2 results, beating estimates and reaffirming its FY23 outlook. This positive news has led to a premarket increase in the company's share price.
GDS Holdings reported a higher than expected Q2 revenue and reaffirmed its FY23 outlook. This positive financial performance is likely to increase investor confidence, leading to a short-term increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100