Interxion Holding NV announced earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company announced revenue of €138,824,000 compared to €120,823,000 a year ago. Operating income was €26,272,000 compared to €24,302,000 a year ago. Profit before income taxes was €3,377,000 compared to €13,382,000 a year ago. Net income was €582,000 or €0.01 per basic and diluted share compared to €9,655,000 or €0.13 per diluted share a year ago. Adjusted EBITDA was €63,431,000 compared to €54,313,000 a year ago. Net cash flows from operating activities were €31,616,000 compared to €35,658,000 a year ago. Purchase of property plant and equipment were €117,534,000 compared to €53,399,000 a year ago. Purchase of intangible assets was €2,981,000 compared to €3,042,000 a year ago. Adjusted net income was €8,855,000 or €0.12 per basic and diluted share compared to €9,432,000 or €0.13 per diluted share a year ago.

For the six months, the company announced revenue of €272,660,000 compared to €234,773,000 a year ago. Operating income was €53,145,000 compared to €48,148,000 a year ago. Profit before income taxes was €18,846,000 compared to €26,941,000 a year ago. Net income was €12,238,000 or €0.17 per basic and diluted share compared to €19,914,000 or €0.28 per diluted share a year ago. Adjusted EBITDA was €124,306,000 compared to €105,650,000 a year ago. Net cash flows from operating activities were €66,192,000 compared to €77,272,000 a year ago. Purchase of property plant and equipment were €211,751,000 compared to €106,322,000 a year ago. Purchase of intangible assets was €4,958,000 compared to €4,876,000 a year ago. Adjusted net income was €20,753,000 or €0.29 per basic and diluted share compared to €19,587,000 or €0.27 per diluted share a year ago.

The company expects that on a quarterly basis the cash tax rate for third quarter and fourth quarter of 2018 will revert towards the level seen in first quarter of 2018 of 22%.

For the year 2018, the company expects the effective tax rate to return to normal range of 25% to 27%. The company expects ARPU to remain within the range of EUR 414 and EUR 418 with continued growth from energy in cross-connects tempered by the initial diluted impact of new customer installations; cross-connect revenue to represent approximately 6% of total revenue for the year; nonrecurring revenue to be in the range of EUR 6 million to EUR 7 million per quarter for the remainder of 2018 consistent with the levels that the company have seen over the last 12 months; sales and marketing costs to be within the range of 7% to 8% of total revenue, and other G&A cost to remain within that typical range of 8% to 9% of total revenue. Revenue in the range of €553 million to €569 million, adjusted EBITDA in the range of €250 million to €260 million, and capital expenditures (including intangibles) in the range of €365 million to €390 million.