QTS reports 4Q17 results; restructuring, downsizing cloud, managed services business, focus on hyperscale
QTS Realty Trust reported its 4Q17 results, which reflected a major shift in the company’s business moving forward as management laid out plans to proceed with a major restructuring to essentially de-emphasize a large part of its cloud and managed services business and focus heavily on capturing hyperscale and hybrid colocation demand. There were notable management movements, customer wins, and more updates on its CloudRamp partnership with Amazon that was likely a key driver for the restructuring initiative. More details below.
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