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(WEB HOST INDUSTRY REVIEW) -- Wholesale data center operator DuPont Fabros (www.dft.com) announced this week the financial results for the third quarter of 2009, in which the company signed five new leases for data center space.
The new leases total 15.9 MW of power and about $310 million in total contract value.
Two of these leases went to a new enterprise customer, which it did not disclose by name, while the remaining three leases went to the company's existing Internet business customers.
The company also signed one more lease at the beginning of the third quarter for a 1.95MW facility in Reston, Virginia.
Microsoft and Yahoo! continue to be DuPont Fabros's largest customers, leasing more than half of DuPont Fabro's total data center space.
Meanwhile, the company's Q3 revenue was about $52 million, which represents an increase from the same quarter last year of $9 million.
The company's net income in Q3 was about $3.4 million, which is down $4.1 million from Q3 2008.
Also in Q3 2009, the company opened Phase 1 of ACC5, its new data center in Ashburn, Virginia, which helped increase its critical-load portfolio by 18 percent. The space is currently 73-percent leased.
The company says it is hoping to raise about $145 million in capital to build out Phase 2 of the Ashburn facility and about $75 million for Phase 1 of its Piscataway, New Jersey data center.
Hossein Fateh, DuPont Fabros' president and CEO, says he is confident that both these phases would be completed by the end of 2010.
Additionally, the company says it will focus its sales resources on further leasing out its Ashburn and Chicago data centers.
Fateh says he considered the Virginia, New Jersey, Chicago and Silicon Valley locations to be key strategic markets for the company.
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May 2009 - The Blueprint for a Small Web Host
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