Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Mark Kelleher from Brigantine Advisors.
Mark Kelleher - Brigantine Advisors
Thanks for taking the question. Let’s start with the guidance. Can you tell us how much additional early termination fee revenue for the second half of the year is factored into your EBITDA guidance?
Greg Freiberg
None.
Mark Kelleher - Brigantine Advisors
None?
Greg Freiberg
None.
Mark Kelleher - Brigantine Advisors
Okay. And then just to double-check that termination fee, that is dropping 100% to the EBITDA line, correct?
Greg Freiberg
Correct.
Mark Kelleher - Brigantine Advisors
Do you have the EBITDA, the GAAP EBITDA without that one-time?
Greg Freiberg
It is $6.5 million, so.
Mark Kelleher - Brigantine Advisors
$41 million, something like that?
Greg Freiberg
No, no, no, $55 million was what we reported as EBITDA. So $48.6 million is without.
Mark Kelleher - Brigantine Advisors
On a non-GAAP basis?
Greg Freiberg
EBITDA is not a GAAP term. I mentioned it in my comments, but on slide five is the $55.1 million adjusted EBITDA for second quarter. Just subtract $6.5 million from that to get to the exclusion.
Mark Kelleher - Brigantine Advisors
Okay and my second question is the competitive environment, can you tell us how that is working, particularly in the financial services sector with the New York Stock Exchange building some new buildings. How is that going?
Phil Koen
Mark this is Phil. Let me take that. I think as we look across the financial vertical, we continue to be pleased with our positioning and just the overall market, the market forces. I think that one of the pleasing things is we continue to see like in Q2 our financial vertical bookings were actually on a mixed basis just slightly above Q1.
While we recognize there is additional capacity coming in, you named one I think that the overall demand environment and there seemingly has been a shift I think in some financial customers about building their own data centers to moving toward service provider models is going to continue to drive for service providers such as ourselves for the foreseeable future a very nice environment. So, we see that as an improving trend as we look towards the end of the year and looking beyond the 2010.
Mark Kelleher - Brigantine Advisors
Okay, thanks.
Phil Koen
Thank you.
Operator
Our next question comes from the line of Jonathan Atkin from RBC Capital Markets.
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