Divi payments not slowing TeleCity's growth aspirations

The insatiable desire for data in the always-connected 21st century is driving strong growth for the services of data centres operator Telecity.

The insatiable desire for data in the always-connected 21st century is driving strong growth for the services of data centres operator Telecity.

The group is developing a reputation for living up to expectations and sometimes exceeding them. In its interim management statement back in early May the company was a little coy about just how well it had been doing, saying only that it had delivered a good performance in the first quarter in terms of growth in revenue, earnings before interest, tax, depreciation and amortisation (EBITDA) and earnings per share (EPS), but the interim results produced numbers to back up those claims:

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.