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London, 24 February 2005: Globix Limited, a leading provider of infrastructure, media and application management services, announces that its financial results for 2004 have improved the company’s Commercial Delphi credit rating to the maximum five star ranking.

Globix Limited’s 2004 accounts show a second full year’s profit following substantial restructuring in 2002. Profit for 2004 was £753,056, which arose solely from trading profits. Operating profit for the year was £797,609. Revenues were maintained at £15 million.

Globix Limited, a wholly-owned subsidiary of Globix Corporation, generated operating cash of £4.6 million against £3.5 million in 2003 and was able to invest £1.4 million of capital into the business. Closing cash balances were £3.8 million.

Philip Cheek, managing director of Globix Limited said: “2004 has been another good year for Globix in the UK, building on our achievements in 2003. Key indicators such as order book, churn, datacentre capacity and sales performance have all improved over the year in a competitive environment.”

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About Globix:
Globix Limited is a wholly-owned subsidiary of Globix Corporation, a leading provider of infrastructure, media and application management services. Globix provides flexible business solutions that combine skills, support, technology and experience to enable our customers to use the Internet as a way to provide business benefits and sustain a competitive advantage. By managing complex application, media and infrastructure environments, Globix helps its clients protect Internet revenue streams, improve user satisfaction and reduce technology operating costs and risks. Globix clients include operating divisions of Fortune 100 companies as well as mid-sized enterprises in a number of vertical markets including media and publishing, technology, financial services, health care and government. Globix and its subsidiaries have operations in New York, NY; London, UK; Santa Clara, CA; Fairfield, NJ; Fairfax, VA; and Atlanta, GA. For more information, visit the Globix Website at www.globix.com.

For further information, contact:
Cohesive Communications
Andy Williams / Kira Hutchinson
Tel: 01291 626200
Email: kirah@cohesive.uk.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Cohesive Communications in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.