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Savvis Reports Year-over-Year Fourth Quarter 2010 Revenue Growth of 15% and Adjusted EBITDA Growth of 24%

ST. LOUIS Feb. 8, 2011 Savvis, Inc. $252.7 million $219.8 million $67.8 million $54.9 million

http://photos.prnewswire.com/prnh/20090803/PH55929LOGO

$14.0 million $10.4 million ($2.9) million ($0.06) ($5.4) million ($0.10)

Jim Ousley

$933.0 million $874.4 million $236.2 million $220.0 million

$24.5 million $40.1 million ($54.0) million ($0.98) $11.8 million ($20.8) million ($0.39)

Fourth Quarter Financial Results

US$ in millions

Three months ended

12/31/10

9/30/10

12/31/09

Hosting

$185.7

$176.7

$154.7

Network

$67.0

$65.2

$65.1

Total revenue

$252.7

$241.9

$219.8

Cost of revenue (1)

$129.6

$131.6

$120.4

SG&A expenses (1) (2)

$61.7

$56.5

$50.5

Non-cash, equity-based compensation (1)

$5.2

$5.4

$6.0

Income from continuing operations

$14.0

$3.5

$10.4

Net income (loss) from continuing operations

($3.1)

($26.2)

($5.4)

Income (loss) from discontinued operations, net of income tax (3)

$0.2

($0.0)

Net income (loss)

($2.9)

($26.2)

($5.4)

Adjusted EBITDA

$67.8

$59.7

$54.9

Adjusted EBITDA margin

27%

25%

25%

Dec. 31, 2010 Sept. 30, 2010 Dec. 31, 2009 $1.3 million $1.5 million $1.1 million $4.0 million $3.9 million $4.9 million $1.1 million $0.5 million Dec. 31, 2010 Sept. 30, 2010 Sept. 30, 2010 Dec. 13, 2010 Dec. 31, 2010 Sept. 30, 2010 $160,000 ($9,000)

Fourth Quarter Overview

$252.7 million $241.9 million

$67.8 million $59.7 million

Hosting

US$ in millions

Percent of Revenue

Three months ended

12/31/10

9/30/10

12/31/09

Managed Services

48%

$89.3

$81.5

$67.8

Percentage change

10%

32%

Colocation

52%

$96.4

$95.2

$86.9

Percentage change

1%

11%

Total Hosting revenue

$185.7

$176.7

$154.7

Percentage change

5%

20%

In the fourth quarter, Managed Services revenue reflected continued growth in demand for Savvis’ traditional managed services and an increase in traction for its cloud solutions, which represent a growing portion of Managed Services revenue.  Traditional managed services include both utility and virtualized services, while cloud solutions include the Savvis Symphony Open, Dedicated and VPDC products.

Colocation revenue was up both quarterly and annually in the fourth quarter, as the company continued to target and win enterprise clients for its global data centers.  Savvis also continued to reap the benefits of its revamped renewal program, which resulted in a continued reduction in both colocation and overall churn.

Network

US$ in millions

Percent of Revenue

Three months ended

12/31/10

9/30/10

12/31/09

Core (1)

57%

$38.4

$36.4

$31.4

Percentage change

6%

22%

Sustaining (2)

43%

$28.6

$28.8

$33.7

Percentage change

(1%)

(15%)

Total Network revenue

$67.0

$65.2

$65.1

Percentage change

3%

3%

(1) Core network includes revenue from Thomson Reuters and from other financial vertical and data center clients, who also purchase bundled network and hosting services.  

(2) Sustaining network includes revenue from services that are either in slower growth or declining markets or are not directly tied to the future growth of the company’s network and hosting businesses.

The overall Network business showed both quarterly and annual revenue growth in the fourth quarter, due to a seasonal increase in network traffic and a quarterly delay in some expected churn.  As expected, Core Network revenue continued to grow, while the decline in Sustaining Network revenue continued to slow.  

Other Highlights

$69.7 million

Chicago

Cash Flow and Balance Sheet

$71.4 million $57.5 million $43.8 million

Dec. 31, 2010 $120.3 million $88.0 million Sept. 30, 2010 Dec. 31, 2010 $747.2 million $747.7 million Sept. 30, 2010

Full Year Financial Results

US$ in millions

12 months ended

12/31/10

12/31/09

% change

Colocation

$358.4

$341.3

5%

Managed services

$315.0

$266.0

18%

Hosting

$673.4

$607.3

11%

Core

$139.9

$112.6

24%

Sustaining

$119.7

$154.5

(23%)

Network services

$259.6

$267.1

(3%)

Total revenue

$933.0

$874.4

7%

Cost of revenue (1)

$500.7

$480.3

4%

SG&A expenses (1)

$226.8

$203.2

12%

Non-cash, equity-based compensation (1)

$25.7

$29.1

(12%)

Income from continuing operations

$24.5

$40.1

(39%)

Net income (loss) from continuing operations

($54.0)

($20.8)

(159%)

Income (loss) from discontinued operations, net of income tax (2)

$0.1

Net income (loss)

($54.0)

($20.8)

(159%)

Adjusted EBITDA

$236.2

$220.0

7%

Adjusted EBITDA margin

25%

25%

~15 bps

Dec. 31, 2010 Dec. 31, 2009 $5.9 million $5.5 million $19.8 million $23.6 million Sept. 30, 2010 Dec. 13, 2010 Dec. 31, 2010 $61,000

Full Year Highlights

$252.7 million $229.1 million $15.2 million $7.4 million

Savvis closed out the year with the news that it was positioned in the Leaders Quadrant in the Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting in 2010.  The Gartner Magic Quadrant is widely recognized as one of the most influential market analyses for enterprises seeking to evaluate cloud and hosting vendors.  

$121 million Toronto Vancouver Montreal

$550 million $75 million May 2012 $345 million

Financial Outlook

Greg Freiberg

Savvis continues to expect the following for full year 2011:

  • $1,030 to $1,060 million
  • $265 to $290 million
  • $220 to $240 million
  • $65 million

Investor Conference Call

10:00 a.m. ET Feb. 8, 2011 savvis.net North America North America Tuesday, Feb. 22

About Savvis

www.savvis.net

Forward-Looking Statements

Dec. 31, 2009 Feb. 8, 2011

* Non-GAAP Measures

United States

SAVVIS, Inc. and Subsidiaries

Unaudited Condensed Consolidated Statements of Operations

(in thousands, except per share data)

Three Months Ended

Year Ended

December 31,

December 31,

2010

2009

2010

2009

Revenue

$              252,740

$              219,819

$              932,984

$              874,414

Operating Expenses:

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