Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Jonathan Schildkraut with Jeffries. Please proceed with your question.
Jonathan Schildkraut – Jefferies
Good evening and thank you for taking some questions.
Keith Olsen
Sure, Jonathan.
Jonathan Schildkraut – Jefferies
I'm looking at the results for the quarter and MRR certainly came in very strong but cabinet adds, net cabinet adds were a little bit lighter than trends had been. Given your commentary on the bookings and sales production, could you give us some color relative to the cabinet adds in the quarter?
Keith Olsen
Sure, Jonathan. The bookings specifically were tied to the new contracted sales and we will see those cabinet adds showing up in our future quarters revenue results. As a release the cabinet adds, certainly the cabinet adds were not as significant as we have seen in the past. What we saw was a significant customer that we had for the past 18 months or so. InfoSpace, was utilizing one of our Seattle data centers as an outsource option until they had built up their own data center. And that significant churn which you – our churn number was up when we look at cabinet equivalents also contributed to the elimination of some of the gross adds that we had. From a gross adds perspective, it was still a strong quarter but some of the churn for some of the large cabinet removals of InfoSpace significantly modified the net side.
Jonathan Schildkraut – Jefferies
Okay. Could you give that churn number?
Keith Olsen
Yes. Our churn for the month was at 1.5%
Jonathan Schildkraut – Jefferies
And that's MRR?
Keith Olsen
That's correct.
Jonathan Schildkraut – Jefferies
All right. Great. I'm looking at your guidance for the remainder of the year and based on your commentary around bookings and some of the strength we are seeing in the broader market, it looks like your guidance is conservative, and I'm wondering if there is a level of conservativism in there or if there are certain events that may not be obvious that we should be aware of?
George Pollock
Jonathan, this is George. No, it's normal course. We'll continue to see the revenue grow. As we spoke about during the year with respect to our guidance, as we bring on incremental capacity in the markets, those costs hit us in the quarters as we bring online the capacities. So, in the second quarter, for example, we have not yet seen the full impact of Dallas or Toronto, Northern Virginia. We will see full quarter impacts in the third quarter as well as bringing on New Jersey and then a bit of the seasonality with utilities. So, we do see a bit of a compression on EBITDA margin percentage in the third quarter. We are still guiding to a increase from 31% to over 32% in the full year margin. So, we are confident in the business. Again, it has to do with investing in the business and there's no one time type expectations that are hindering the continued expansion of the margin.
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