GDS - GDS Holdings' Mixed Q1 Results: Strong Growth In Service Area But Revenue Falls Short | Benzinga
GDS Holdings Ltd (NASDAQ:GDS) reported a first-quarter fiscal 2024 net revenue increase of 9.1% year-over-year to $363.89 million, missing the consensus of $374.55 million.
The increase was primarily driven by the full quarter revenue from additional area used in the fourth quarter of 2023 and 18,127 sqm of net additional area in the first quarter of 2024.
Loss per ADS of $0.27 beats the consensus loss of $0.29.
Adjusted gross profit was $189.5 million, an increase of 8.6% year over year, ...