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GDS Holdings Shares Gain After Revenue Surges

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By Sam Boughedda

Investing.com -- GDS Holdings Ltd (NASDAQ:GDS) shares jumped 6% on Tuesday after it announced its fourth quarter and full-year results ended Dec. 31.

The developer of data centers reported fourth-quarter revenue increased by 34.1% year-over-year to RMB 2,187.4 million ($343.2 million) for 2021. Its net loss came in at RMB 312.9 million ($49.1 million) for the quarter, which equates to a loss per share of 30 cents.

In addition, the company's full-year saw revenue increased by 36.2% to RMB 7818.7 million ($1.226 billion.)

"We achieved another year with outstanding performance across our business," said William Huang, chairman and Chief Executive Officer. "Our strong sales momentum continued throughout 2021 with around 120,000 sqm of net additional area committed."

Huang also mentioned its regionalization plan in Southeast Asia, stating "strategic footholds" in Malaysia and Indonesia will not only support its China-based customers' international growth but also position the company to "capture new demand in one of the world's fastest-developing digital regions."

For 2022, the company expects revenue to be between RMB 9,320 million to RMB 9,680 million, implying an increase of 19.2% and 23.8%.

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