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Terremark Worldwide (TMRK),  a leading global provider of managed IT infrastructure services,  continues to report strong growth for their data center space. TMRK reported 22%YoY growth and 8% sequential growth. Also important is that growth is accelerating with only 20% growth in the prior quarter. EBITDA grew at 27% YoY and 19% QoQ showing that margins are starting to expand as TMRK is reaching critical mass and improved utilization rates.  TMRK also upped guidance for fiscal Q3 and FY 2011 as the outlook continues to improve including growing international demand including Brazil and Amsterdam. Cloud revenue has now grown to a $30M run rate and more then double last years run rate. While still below 10% of total revenue, it continues to grow at a fast clip and will become a more important part of the story. Another important part of the story is the interest expense load. TMRK reported a $6M operating profit this quarter, but faced $14M in interest expenses. From ...

After the close, Terremark ( TMRK ) announces a dela with Verizon Business, unit of Verizon ( VZ ) to utlize 25,000 sq/ft in the Miami and Virgina data centers. At first glance this seems like a significant deal for TMRK, but no financial terms were released. The main reason given for the win is that TMRK has data centers that meet or exceed federal standards and Verizon Business has a thriving business with the governemnet. Anybody following us knows that our big reason for buying TMRK originally was its connection to the governements movement on the internet. As part of the agreement, Verizon will utilize 25,000 square feet of colocation space at Terremark’s world-class NAPs in Miami, Florida and Culpeper, Virginia that are designed to meet or exceed federal government standards for data communications and hosting facilities requiring stringent guidelines for power and cooling redundancy. “When looking at the federal space, Terremark has clearly distinguished itself as a leader in pr...