Success Drives Us, Innovation Defines Us
Hybrid IT, Enterprise Bare Metal, Colocation in Business
As a sports fan, I’ve always been a firm believer that teams are in a constant state of change – whether they’re facing a challenging stretch during the season or enjoying an extraordinary run of luck. Regardless of the circumstances, teams reflect the values that are instilled by their coaches. Cyxtera is similar in that we are continuously changing and evolving, while simultaneously remaining true to our fundamental commitment to innovation. Whether it’s the cost of power or supply chain constraints, there are always new challenges to be faced. The team at Cyxtera is continuously working to ensure that we not only meet these challenges but emerge stronger as a result. As the past several years have shown, it's not the challenges that define you but how you meet them, and Cyxtera has repeatedly shown its mettle, particularly over the past year, starting with the announcement of our SPAC merger and culminating with the close of our first year as a public company.
We recently closed the books on a successful fourth quarter and year overall in which we saw solid revenue and EBITDA growth. We experienced year-over-year growth in both total and recurring revenue, and drilling down, we saw significant increases in interconnection revenue and customer adoption of our industry-leading Digital Exchange and Enterprise Bare Metal platforms.
Building on our success
I don’t think it’s a stretch to say that our success is directly tied to one of our core tenets. Innovation is central to Cyxtera’s culture, and it’s behind our relentless push to deliver increasing value to our customers. Our innovative solutions are the key differentiators of our business and something our competitors can’t easily imitate. Throughout 2021, we unveiled leading-edge offerings that make our data centers easier to consume, allow our customers to seamlessly connect to one another, and support our customers’ digital transformation initiatives.
As digital transformation efforts continue to accelerate and infrastructure agility becomes an essential component of business growth, enterprises are increasingly looking to hybrid solutions to deliver the mix of resources their workloads and applications require. Our customers want both the speed and scale that’s typically associated with cloud and the security and reliability that comes with dedicated infrastructure. Our Digital Exchange platform and Enterprise Bare Metal offering address this growing market trend, providing customers the flexibility to adjust their infrastructure as their business requirements evolve, both today and in the future.
Our most recent innovation comes in interconnection, an area that’s foundational to our customers’ ability to architect their hybrid IT environments. Building on the strength of existing capabilities, we’re extending the value provided by Cyxtera’s ecosystem by enabling customers to establish on-demand connections to every major cloud provider directly via our digital exchange. The offering allows our customers to reduce network costs, increase bandwidth throughput, and improve network performance and reliability. While we have long offered reliable, low-latency cloud connectivity via partner solutions, we now enable customers to natively connect to cloud providers on demand directly through the customer portal.
Harness the power of innovation
Looking ahead, we are well positioned to enter our next phase of growth with greater access to capital in support of our strategic growth initiatives. We will expand our global data center platform so we can deliver enhanced flexibility to our customers from new markets, providing greater access to our Digital Exchange and Bare Metal platforms.
We believe in harnessing our people, our products, and our culture of innovation to leave the world just a little bit better than we found it. To achieve this, we have developed a holistic ESG approach that prioritizes the needs of each of our stakeholders, including our customers, employees, shareholders, partners, the environment, and society as a whole.
As an industry and as a company, we recognize the importance of being responsible stewards of the environment. To that end, we have committed ourselves to achieving 100-percent non-carbon emitting energy consumption by 2030. We’ve also committed to continuing to build our high-performing teams by cultivating a diverse and inclusive workforce, investing in our employees to develop our next generation of leaders, and providing opportunities for employees to give back to their communities. To ensure we make meaningful progress across all areas, we have prioritized ESG governance at the Board level and established multiple levels of oversight across the organization.
Our success to date would not have been possible were it not for the amazing team at Cyxtera. I couldn’t be prouder of how our Cyxtera team responded throughout 2021 to deliver for our customers. We have built our success on hard work, commitment and ingenuity and will continue that path in 2022 and in all the years ahead.
Views and opinions expressed in our blog posts are those of the employees who made them and do not necessarily reflect the views of the Company. A reader should not unduly rely on any statements made therein.
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