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What: Shares of 21Vianet Group
So what: First-quarter revenue came out to $55 million, with adjusted net income of $6 million, or $0.12 per share. Those results were right about on target with what the Street was expecting, with 21Vianet topping expectations by a hair.
Now what: CEO Josh Chen said the company increased capacity utilization to 82% to meet demand in the coming quarters, and the company's plans to expand its data centers remains on track. 21Vianet also provided second quarter guidance (in local currency), expecting revenue to be between 364 million yuan to 370 million yuan. For context, the just-closed quarter's revenue was 345.8 million yuan before converting to dollars.
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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.