GDS Holdings Limited (NASDAQ:GDS) Reports 2Q19 Earnings Flat

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GDS Holdings Limited (NASDAQ:GDS) outlined second quarter earnings before market open today.

The company communicated loss for the second quarter of RMB 106.07 million or RMB 0.10 per share, compared to loss of RMB 102.08 million or RMB 0.10 per share for the year-ago quarter.

GDS recorded revenue that increased 54.52 percent to RMB 985.09 million from RMB 637.51 million in the same quarter last year

Mr. William Huang, Chairman and Chief Executive Officer, said, We added approximately 21,000 sqm or 52 MW of new business during the quarter and are on track for our sales target for the full year. We continue to make progress in adding highly marketable data center capacity in Tier 1 markets, organically and inorganically, which sets us up to maintain our resource advantage.

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