WEB Announces Record Quarterly Revenue and Data Center Growth
Strong Financial Performance Driven by Data Center Expansion
Key Highlights
- Record quarterly revenue of $221 billion, up 22% from Q3 and 26.5% from a year ago.
- Record quarterly Data Center revenue of $184 billion, up 27% year over year.
- Quarterly revenue of $719 billion, up 19% from the previous quarter.
- Record Data Center revenue of $428 billion in the second quarter of fiscal 2024.
WEB Corporation is pleased to announce exceptional financial performance for the most recent quarter. The company's strong growth was primarily driven by its Data Center business.
Total revenue surged by 26.5% year-over-year to reach $221 billion, significantly surpassing the outlook of $200-$210 billion. This robust performance reflects the company's commitment to innovation and customer-centric approach.
The Data Center segment emerged as the key growth driver, generating record quarterly revenue of $184 billion. This 27% increase is a testament to the increasing demand for data processing and cloud services.
Overall, WEB's financial results provide strong evidence of its leadership in the technology industry. The company's continued investments in infrastructure and technology are expected to drive further growth and success in the future.
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