Pacnet projects revenue growth of over 30%

A little over a year ago, global telecommunications service provider Pacnet announced that it was undertaking a major business revamp and shedding 30 per cent of its global workforce to reduce annual expenses.

The company seems to have rebounded fairly quickly with an aggressive data centre build-out in the Asia-Pacific region, and an innovative offering that commercially offers bandwidth on demand. According to Pacnet's chief executive officer Carl Grivner, the company has achieved year-on-year revenue growth of over 20 per cent, and he expects this growth to continue to rise to over 30 per cent this year, driven by the demand for data centres and bandwidth.

Its latest data centre - a 155,000 sq ft standalone facility launched last week in Singapore - has already achieved a utilisation rate of 20 per cent. This makes it one of the strongest data centre pre-opening sales that the company has recorded. Customers include local cloud service provider Acclivis Technologies and Solutions.