The Planet Issues Q4 Results

Dedicated hosting provider The Planet announced on Monday the results of its fourth quarter ended December 31, 2007.

Besides interconnecting Houston and Dallas, Texas, The Planet says it has doubled network capability and completed upgrades to support 10GB speeds over the last 12 months. In the fourth quarter, 2,200 new customers also leased servers in the company’s six data centers, marking the highest number of quarterly new customer additions for 2007.

Additionally, based on research conducted by Frost & Sullivan’s Stratecast Partners, The Planet released a new white paper detailing comprehensive economic benefits and business value for system integrators and their SMB customers.

Kevin Klausmeyer, CFO of The Planet stated “The Planet again produced a record quarter both in revenues and servers sold, continuing its inception-to-date string of sequential record quartersWe experienced the highest sequential quarterly growth in the past two years, which on an annualized rate is north of 20 percent. Margins remain healthy despite continued investments in every area of our business, all of which provide competitive advantages that yield returns to the business.”

After receiving an overwhelming customer response, The Planet relaunched its most popular promotion last week, available through January 31, or until supplies last.