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Switch reports 3Q18 results; bookings remain strong but slow to convert to revenue

  • November 15, 2018
  • Analyst: Ainsley Woods

Switch reported its 3Q18 results, which again showed slowing in revenue growth. Bookings remain strong however, and it should just be a matter of getting them provisioned and seeing that translate into top-line growth. There was a lack of insight into the hybrid cloud program announced last quarter, with management hinting at more detail to come in 1Q19 regarding changes to the sales and marketing team.

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