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The Planet Releases Fourth Quarter Results.
2008-01-29, HostMan.biz The Planet, the world’s largest privately held dedicated hosting company, today discussed its results for the fourth quarter ended Dec. 31, 2007. The Planet provides quarterly updates to its customers, business partners and prospects with information relative to new initiatives and its progress. “2007 was a good year, and our fourth quarter began to yield the benefits from many months of investing in the business,” said Chairman and CEO Douglas J. Erwin. “We closed 2007 with strong results across the company based on our intense focus on customer experience. This was our first year under a single name, and by any measure it was one marked by tremendous success. We have made monumental changes across every operating unit to improve our customer-facing operations. “We doubled network capacity this past year and made upgrades to support 10GB speeds, along with interconnecting Houston and Dallas. We added 25,000 square feet of raised flooring to our data center footprint, along with expanded backup generator capacity in both cities. For another year, we added to our continued string of successes with no power events. Our new and enriched call center is now fully operational, and we’re already experiencing improvements in customer satisfaction. Newly initiated advanced training and certifications for our support teams now provide clearly defined career paths. Finally, based on customer requests, we’re well on our way toward SAS70 compliance. Across the board, we’ve raised the bar, setting the stage for 2008 to be another banner year for The Planet,” Erwin concluded. “The Planet again produced a record quarter both in revenues and servers sold, continuing its inception-to-date string of sequential record quarters,” said Chief Financial Officer Kevin Klausmeyer. “We experienced the highest sequential quarterly growth in the past two years, which on an annualized rate is north of 20 percent. Margins remain healthy despite continued investments in every area of our business, all of which provide competitive advantages that yield returns to the business.” |
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