Cloud Computing Economics - There Is No Free Service

Cloudonomics Journal

Subscribe to Cloudonomics Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Cloudonomics Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Cloudonomics Authors: Lori MacVittie, Skytap Blog, David H Deans, Shelly Palmer, Tim Crawford

Related Topics: CEOs in Technology, Cloud Computing, Cloudonomics Journal, CIO, CIO/CTO Update, The Social Media Guide, Java in the Cloud, Big Data on Ulitzer

Blog Feed Post

GTT Reveals Top Five Tips to Future-Proof Your Network

London, UK, 17 June 2014 - GTT, a global cloud networking provider for multinational enterprises, today revealed the top five key factors CIOs need to consider today to future-proof the network and the cloud for tomorrow. Giving the opening day keynote address in the Transforming Cloud Theatre at the Cloud World Forum, GTT Managing Director, Andy Johnson said the role of the CIO has changed dramatically with the advent of major game changers, namely big data, virtualisation, collaboration and cloud computing destinations.

With such dramatic changes underway, the role of the CIO is evolving quickly and dramatically, elevating them to the forefront of strategic business decision making. It is imperative that CIOs architect a holistic end-to-end network infrastructure designed for optimized performance.

The five key considerations include:

1. Global reach and capacity
2. Privacy, security and reliability
3. Seamless convergence
4. Cloud Computing Destinations
5. Growth and Scalability

GTT has expanded its presence in Europe with the opening of a fifth office in Belfast, Northern Ireland. Other European offices are located in London, Milan, Cagliari, and Frankfurt. The company also opened their first Asian office in Hong Kong in 2014.

"GTT is undergoing tremendous growth with over 2,000 clients located in 100 countries around the world," said Andy Johnson, GTT Managing Director. "Our strategy is to open offices where we have a strong base of existing clients. This enables us to deliver on our corporate mission of providing outstanding client service with simplicity, speed and agility."

GTT is a publicly traded company on the NYSE MKT. It's most recent financial results for Q1, 2014 show the company increased revenue by 80% to $47.5 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 132% to $8.4 million.

"2014 is off to a terrific start," stated Rick Calder, President and CEO, GTT. "First quarter revenue and Adjusted EBITDA growth remained strong year-over-year and sequentially. GTT's addressable market of multinational clients with needs for secure, scalable and burstable cloud networking solutions is undergoing rapid growth."

"We are seeing significant client wins based on our proven strategy of extending ubiquitous network connectivity worldwide and expanding our cloud networking service portfolio. We will continue to accelerate our growth toward our next financial objectives of $400 million in revenue and $100 million in Adjusted EBITDA. Our aim remains to be the clear leader in addressing the unique cloud networking needs of our target multinational clients."


About GTT
GTT operates a global Tier 1 IP network with the most interconnected Ethernet service platform around the world. We provide highly reliable, scalable and secure cloud networking services. Our clients trust us to deliver solutions with simplicity, speed and agility that are unmatched by other network providers. For more information visit GTT

For media information please contact Dana Hare at [email protected] or Holly Leonardi at [email protected] or Matthew Dunkling at [email protected] or call on +44 1636 812152.

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.