Tuesday, October 27, 2009
The Planet Claims Growth
Houston-based IT hosting firm The Planet said today that it is seeing an upturn in business, claiming that it saw EBITDA in the 30%+ range and solid cash flow in its third quarter. No actual financials of the privately held firm were released. The firm said its growth is coming from its existing customer install base, as well as from "complex infrastructure solutions." The Planet explained that it is seeing a "more robust" pipeline of opportunities than it has in the past three years.