CarrierHotels.com home page
Printed from:
http://www.carrierhotels.com/news/2004/Apr/28/inflow_exceeds_revenue_projections_print.html
By Rich Miller
Carrier Hotels Editor
Posted Apr 28, 2004
The hiring plans are significant because of Inflow's focus on running a lean operation. The company cut staff at the end of 2001, when it centralized some support operations at its 13 data centers in 12 second-tier markets around the country. By last summer, sales had rebounded and Inflow was talking about growth again.
Inflow has given no public indication of interest in an initial public stock offering. It was on course to become a public company in 2000, filing a registration statement with the Securities and Exchange Commission. In October of 2000, as the tech market crashed, Inflow postponed its planned IPO.
CEO Art Zeile has often noted that remaining private placed Inflow in a better posiiton to survive the data center downturn. The company has raised more than $300 million overall, including private equity financing from a group led by First Union Capital Partners. With a growing number of Internet-related companies announcing IPOs this spring, equity investors in rebounding tech firms are pondering exit strategies.
For now, Inflow is pleased to tout its accomplishments. "Based on current trends, we're confident our earnings will exceed our 2004 goals," said Mark Hughes, chief financial officer for Inflow. "We are extremely proud of this accomplishment. It signifies we are successfully providing high quality service to our existing customers and growing our base of new customers. Like the rebounding technology sector that we support, we have continued to grow and remain focused on achieving greater revenue goals."
© 2004 Carrier Hotels, Inc., 116 Village Boulevard, Suite 200, Princeton, NJ 08540
http://www.carrierhotels.com -- Phone: (609) 243-7525
http://www.carrierhotels.com/news/2004/Apr/28/inflow_exceeds_revenue_projections_print.html
Inflow Exceeds Revenue Projections
By Rich Miller
Carrier Hotels Editor
Posted Apr 28, 2004
Managed hosting provider Inflow Inc. this week said it had $5.14 million in revenue in March, capping a first quarter in which revenues were 9 percent higher than the previous quarter, well ahead of the company's internal projections.
The hiring plans are significant because of Inflow's focus on running a lean operation. The company cut staff at the end of 2001, when it centralized some support operations at its 13 data centers in 12 second-tier markets around the country. By last summer, sales had rebounded and Inflow was talking about growth again. Inflow has given no public indication of interest in an initial public stock offering. It was on course to become a public company in 2000, filing a registration statement with the Securities and Exchange Commission. In October of 2000, as the tech market crashed, Inflow postponed its planned IPO.
CEO Art Zeile has often noted that remaining private placed Inflow in a better posiiton to survive the data center downturn. The company has raised more than $300 million overall, including private equity financing from a group led by First Union Capital Partners. With a growing number of Internet-related companies announcing IPOs this spring, equity investors in rebounding tech firms are pondering exit strategies.
For now, Inflow is pleased to tout its accomplishments. "Based on current trends, we're confident our earnings will exceed our 2004 goals," said Mark Hughes, chief financial officer for Inflow. "We are extremely proud of this accomplishment. It signifies we are successfully providing high quality service to our existing customers and growing our base of new customers. Like the rebounding technology sector that we support, we have continued to grow and remain focused on achieving greater revenue goals."
http://www.carrierhotels.com -- Phone: (609) 243-7525