ST. LOUIS, July 26, 2010 /PRNewswire/ -- Savvis, Inc. , a global leader in cloud infrastructure and hosted IT solutions for enterprises, today reported its second quarter 2010 financial results, with revenue of US$221.8 million, compared to US$219.9 million in the second quarter of 2009. Adjusted EBITDA* was US$54.7 million, excluding US$3.5 million of Fusepoint acquisition and integration costs, compared to US$55.1 million of adjusted EBITDA in the second quarter of 2009.

Income from continuing operations for the second quarter of 2010 was US$2.6 million, compared to US$9.5 million in the second quarter of 2009. The company reported a net loss of (US$13.2) million, or (US$0.24) per share, in the second quarter of 2010, compared to a second quarter 2009 net loss of (US$6.2) million, or (US$0.12) per share. Leveraged free cash flow* in the second quarter of 2010 was (US$13.2) million, down from US$15.3 million in the second quarter of 2009.

Once again, Savvis outperformed internal plans for revenue, bookings, installs, churn and renewals, said Jim Ousley, chairman and chief executive officer for Savvis. The organic growth we are seeing - in combination with our strategic acquisition of Fusepoint - has left us poised to exit the year at double digit growth run rates for both revenue and adjusted EBITDA. We look forward to building on our successive quarterly strength, as we continue implementing our new programs and process improvements and benefiting from our efforts.

(All amounts in U.S. dollars unless otherwise noted.)

Second Quarter Financial Results US dollars in millions Three months ended 6/30/10 3/31/10 6/30/09 Hosting $158.2 $152.8 $152.2 Network $63.6 $63.8 $67.7 Total revenue $221.8 $216.6 $219.9 Cost of revenue(1) $120.2 $119.4 $121.4 SGA expenses(1) $56.9 $51.7 $51.1 Non-cash, equity-based compensation(1) $6.5 $8.5 $7.8 Income from continuing operations $2.6 $4.8 $9.5 Net income (loss) from continuing operations ($13.1) ($11.3) ($6.2) Income (loss) from discontinued operations, net of income tax(2) ($0.05) -- -- Net income (loss) ($13.2) ($11.3) ($6.2) Adjusted EBITDA $54.7 $54.0 $55.1 Adjusted EBITDA margin 25% 25% 25% The Fusepoint acquisition was completed on June 16, 2010. (1) Both cost of revenue and SGA expenses exclude depreciation, amortization and accretion and include non-cash, equity-based compensation. Total non-cash, equity-based compensation attributed to cost of revenue for the three months ended June 30, 2010, March 31, 2010, and June 30, 2009, was US$1.5 million, US$1.6 million and US$1.5 million and to SGA expenses was US$5.1 million, US$6.8 million and US$6.3 million, respectively. (2) Includes a (US$49,000) loss from the application services business acquired from Fusepoint, which has been classified as an asset held for sale, as of June 30, 2010.

Second Quarter Overview

Total Savvis revenue for the second quarter was US$221.8 million, up 2% compared to first quarter 2010 revenue of US$216.6 million. Excluding revenue from the Fusepoint acquisition, revenue for the second quarter was US$220.3 million, up 2% compared to the first quarter of 2010.

Adjusted EBITDA was US$54.7 million for the second quarter of 2010, up 1% compared to US$54.0 million of adjusted EBITDA recorded in the first quarter of 2010. As expected, the company increased its sales and marketing spend, as it continued to ramp up its efforts in this area.

For the second quarter of 2010, income from continuing operations of US$2.6 million was down when compared to the US$4.8 million recorded in the first quarter of 2010. A net loss from continuing operations of (US$13.1) million was recorded in the second quarter of 2010, compared to a net loss of (US$11.3) million in the first quarter of 2010. Savvis recorded a loss per share of (US$0.24) in the second quarter of 2010, compared to a loss per share of (US$0.21) in the first quarter of 2010. For the second quarter, leveraged free cash flow was (US$13.2) million, down from (US$4.5) million in the first quarter of 2010.

Hosting US dollars in millions Three months ended 6/30/10 3/31/10 6/30/09 Colocation $84.3 $82.5 $84.9 Managed Services $73.9 $70.3 $67.3 Total Hosting revenue $158.2 $152.8 $152.2 Percentage change 4% 4%

Overall Hosting revenue was US$158.2 million in the second quarter, up 4% on a quarter-over-quarter basis. On a year-over-year basis, Hosting revenue was up 4%. Excluding revenue from the Fusepoint acquisition, overall Hosting revenue was US$156.8 million in the second quarter, up 3% on a year-over-year basis and up 3% on a quarter-over-quarter basis.

For the quarter, Managed Services contributed US$73.9 million to overall Hosting revenue, or 47%. Managed Services revenue was up 5% on a quarterly basis and year-over-year it was up 10%. Excluding revenue from the Fusepoint acquisition, Managed Services revenue was US$73.2 million in the second quarter, up 4% on a quarter-over-quarter basis and up 9% on a year-over-year basis. The growth in revenue reflects client interest in both standard managed services and cloud services. For the second quarter of 2010, cloud revenue was up 24% on a quarter-over-quarter basis and up 129% year-over-year.

Colocation contributed US$84.3 million to overall Hosting revenue in the quarter, or 53%. Quarter-over-quarter, Colocation revenue was up 2%. On a year-over-year basis, Colocation revenue was roughly flat. Excluding revenue from the Fusepoint acquisition, Colocation revenue was US$83.6 million in the second quarter, up 1% on a quarter-over-quarter basis and down (2%) on a year-over-year basis. The company is experiencing strong trends in colocation bookings, with increased interest from financial and cloud related clients.

Network US dollars in millions Three months ended 6/30/10 3/31/10 6/30/09 Core $33.5 $31.7 $26.9 Sustaining $30.1 $32.2 $40.8 Total Network revenue $63.6 $63.8 $67.7 Percentage change -- (6%)

Overall Network revenue was US$63.6 million in the second quarter and was flat on a quarterly basis. On an annual basis, Network revenue was down (6%). As of the second quarter, Core Network revenue surpassed Sustaining Network revenue, as the Core Network continued to grow while the Sustaining Network decline continued to slow. The Network business has continued to stabilize, as the company has refocused its efforts in this area, and it should begin to show overall growth by the end of 2010. The Network has also benefited from increased client interest in converged cloud.

For the quarter, Core Network contributed US$33.5 million to overall Network revenue. Core Network revenue was up 6% on a quarter-over-quarter basis and was up 24% on a year-over-year basis. Sustaining Network contributed US$30.1 million to overall Network revenue in the quarter. Quarter-over-quarter, Sustaining Network revenue was down (6%). On a year-over-year basis, Sustaining Network revenue declined (26%).

Highlights

The Financial Vertical represented 27% of total revenue, or US$60.4 million, in the second quarter of 2010. Revenue in the quarter was up 9% compared to the first quarter of 2010 and was flat compared to the second quarter of 2009.

During the second quarter, the company announced the addition of Barclays Capital's dark liquidity crossing network and UBS Investment Bank's Alternative Trading System to its financial vertical ecosystem, in addition to many other new financial vertical clients.

Savvis continues to lead in the Financial Vertical, by functioning as a vital component of the fabric that interconnects the financial industry. In addition, the company remains well-positioned in this area, with infrastructure resources in the key financial markets, such as New York, Chicago, Toronto, London, Frankfurt, Tokyo, Hong Kong and Singapore.

In June, Savvis announced that its Savvis Symphony Virtual Private Data Center (VPDC) had successfully transitioned from beta to general availability. VPDC is one of the industry's first enterprise-class virtual private data center solutions, with multi-tiered security, service and network profiles.

Savvis Symphony is the centerpiece of a converged cloud solution that blends cloud with traditional infrastructure services such as colocation and managed services. This unique combination, coupled with Savvis' Tier1 network and global data center footprint, enables enterprises to have a consistent, secure, low-latency solution anywhere in the world.

Cash Flow and Balance Sheet

Net cash provided by operating activities was US$32.3 million in the second quarter of 2010, compared to US$38.4 million in the second quarter of 2009. Cash capital expenditures for the second quarter of 2010 totaled US$51.5 million.

The company's cash position at June 30, 2010, was US$118.7 million, compared to US$145.9 million at March 31, 2010. As of June 30, 2010, the long-term debt and capital leases for Savvis (net of current portion) totaled US$712.8 million, up from US$595.8 million as of March 31, 2010.

The company's debt position increased during the second quarter of 2010, as the company borrowed US$110.0 million on its revolving credit facility to fund the acquisition of Fusepoint. As part of the acquisition, Savvis added US$9.3 million of capital leases.

Financial Outlook

In addition to a 2% quarterly increase in revenue, we saw a slight quarterly increase in adjusted EBITDA, excluding Fusepoint acquisition and integration costs of US$3.5 million. This improvement was despite our expected investment in cloud sales and marketing spend, performance driven sales and support costs, and an increase in commissions related to new business, said Greg Freiberg, chief financial officer for Savvis. Thanks to our continued strong organic growth, we have decided to provide full year 2010 revenue guidance of US$912 to US$927 million, which includes the Fusepoint acquisition.

In addition, Savvis now expects the following for full year 2010, which includes the Fusepoint acquisition:

- Adjusted EBITDA of US$220 to US$240 million, which is an increase from previous guidance of US$210 to US$225 million and does not include the US$5 to US$6 million of acquisition and integration costs - Total cash capital expenditures of US$190 to US$210 million, which is an increase from previous guidance of US$180 to US$200 million and includes US$50 to US$55 million for data center expansion - Cash interest expense (net) of approximately US$55 to US$60 million, which is an increase over previous guidance of US$40 to US$50 million and is due to expected changes in the company's debt structure

Investor Conference Call

Savvis will webcast an investor conference call at 10:00 a.m. ET today, July 26, 2010. Both the webcast and supporting presentation will be available at http://www.savvis.net on the Investor Relations page. A live conference call will also be available by telephone at (866) 835-8906 for financial analysts in North America or +1-703-639-1413 for international analysts. A replay will be available on the web site for six months. Investors may also access the replay by telephone through Saturday, Aug. 7, by dialing (888) 266-2081 in North America or +1-703-925-2533 internationally and using the access code 1469201.

About Savvis

Savvis, Inc. is a global leader in cloud infrastructure and hosted IT solutions for enterprises. More than 2,500 unique clients, including 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information, please visit http://www.savvis.net.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from Savvis' expectations. Certain factors that could adversely affect actual results are set forth as risk factors described in Savvis' SEC reports and filings, including its annual report on Form 10-K for the year ended December 31, 2009, and subsequent filings. Those risk factors include, but are not limited to, uncertainties in economic conditions, including conditions that could pressure enterprise IT spending; introduction of, demand for and market acceptance of Savvis' products and services; whether or not Savvis is able to sign additional outsourcing deals; variability in pricing for those products and services; merger and acquisition activity by Savvis customers or other customer activity that affects the level of business done with Savvis; rapid evolution of technology; changes in the operating environment; and changes or proposed changes in, or introduction of new, regulatory schemes or environments that impact Savvis and/or its customers' businesses. The forward-looking statements contained in this document speak only as of the date of publication, July 26, 2010. Subsequent events and developments may cause the company's forward-looking statements to change, and the company will not undertake efforts to revise those forward-looking statements to reflect events after this date.

* Non-GAAP Measures

Savvis includes information pertaining to certain non-GAAP measures in conjunction with reporting of its quarterly and year-end financial results. Adjusted EBITDA represents income from continuing operations before depreciation, amortization and accretion, and non-cash, equity-based compensation and excludes acquisition and integration costs. We have included information concerning adjusted EBITDA because we believe that in our industry such information is a relevant measurement of a company's operating financial performance and liquidity. Leveraged free cash flow represents adjusted EBITDA less cash paid acquisition and integration costs, less cash capital expenditures and less cash interest, net. We have included information concerning leveraged free cash flow because we believe that in our industry such information is a relevant measurement of a company's operating financial performance and liquidity. We do not provide forward looking guidance for certain financial data, such as income from operations, depreciation, amortization and accretion, non-cash, equity-based compensation, and interest income. As a result, we are unable to provide a reconciliation of non-GAAP measures, such as adjusted EBITDA and leveraged free cash flow for forward looking data, including 2010 full-year guidance. The calculations of adjusted EBITDA and leveraged free cash flow are not specified by United States generally accepted accounting principles. Our calculations of adjusted EBITDA and leveraged free cash flow may not be comparable to similarly-titled measures of other companies.

SAVVIS, Inc. and Subsidiaries Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, -------- -------- 2010 2009 2010 2009 ---- ---- ---- ---- Revenue $221,756 $219,861 $438,343 $441,384 Operating Expenses: Cost of revenue (including non- cash, equity- based compensation of $1,491, $1,474, $3,121 and $2,957) 120,221 121,441 239,589 241,962 Sales, general and administrative expenses (including non-cash, equity- based compensation of $5,054, $6,311, $11,877 and $11,719) 56,877 51,084 108,596 100,153 Depreciation, amortization and accretion 42,089 37,799 82,826 74,134 ------ ------ ------ ------ Total Operating Expenses 219,187 210,324 431,011 416,249 ------- ------- ------- ------- Income from Continuing Operations 2,569 9,537 7,332 25,135 Other income and expense 15,487 14,955 31,244 29,381 ------ ------ ------ ------ Income (Loss) from Continuing Operations before Income Taxes (12,918) (5,418) (23,912) (4,246) Income tax expense 224 756 579 1,311 --- --- --- ----- Income (Loss) from Continuing Operations, net of Income Taxes (13,142) (6,174) (24,491) (5,557) ------- ------ ------- ------ Income (loss) from discontinued operations, net of income taxes (49) - (49) - --- --- --- --- Net Income (Loss) $(13,191) $(6,174) $(24,540) $(5,557) ======== ======= ======== ======= Income (Loss) per Share from Continuing Operations Basic earnings per share $(0.24) $(0.12) $(0.45) $(0.10) ====== ====== ====== ====== Diluted earnings per share $(0.24) $(0.12) $(0.45) $(0.10) ====== ====== ====== ====== Weighted-Average Common Shares Outstanding Basic 55,005 53,664 54,775 53,650 ====== ====== ====== ====== Diluted 55,005 53,664 54,775 53,650 ====== ====== ====== ======

SAVVIS, Inc. and Subsidiaries Unaudited Condensed Consolidated Balance Sheets (in thousands) June 30, December 31, 2010 2009 ---- ---- ASSETS Current Assets: Cash and cash equivalents $118,729 $160,815 Trade accounts receivable, net 59,517 45,754 Prepaid expenses and other current assets 40,741 21,217 ------- ------- Total Current Assets 218,987 227,786 ------- ------- Property and equipment, net 834,316 783,852 Goodwill and intangibles 95,336 - Other non-current assets 20,102 13,120 ------ ------ Total Assets $1,168,741 $1,024,758 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Payables and other trade accruals $76,972 $52,710 Current portion of long-term debt and lease obligations 21,506 17,479 Other accrued liabilities 75,562 68,314 ------- ------- Total Current Liabilities 174,040 138,503 ------- ------- Long-term debt, net of current portion 486,873 376,089 Capital and financing method lease obligations, net of current portion 225,927 223,897 Other accrued liabilities 77,358 76,452 ------- ------- Total Liabilities 964,198 814,941 ------- ------- Stockholders' Equity: Common stock 551 545 Additional paid-in capital 884,354 862,834 Accumulated deficit (658,969) (634,429) Accumulated other comprehensive loss (21,393) (19,133) ------- ------- Total Stockholders' Equity 204,543 209,817 ------- ------- Total Liabilities and Stockholders' Equity $1,168,741 $1,024,758 ========== ==========

SAVVIS, Inc. and Subsidiaries Unaudited Condensed Consolidated Statements of Cash Flows (in thousands) Three Months Ended Six Months Ended June 30, June 30, -------- -------- 2010 2009 2010 2009 ---- ---- ---- ---- Cash Flows from Operating Activities: Net income (loss) $(13,191) $(6,174) $(24,540) $(5,557) (Income) loss from discontinued operations, net of income taxes (49) - (49) - --- --- --- --- Income (loss) from continuing operations, net of income taxes (13,142) (6,174) (24,491) (5,557) Reconciliation of net income (loss) from continuing operations to net cash provided by operating activities: Depreciation, amortization and accretion 42,089 37,799 82,826 74,134 Non-cash, equity- based compensation 6,545 7,785 14,998 14,676 Accrued interest, net (1,948) (1,293) 1,338 2,264 Amortization of debt discount 3,845 3,542 7,612 7,013 Other, net 261 (595) 593 (542) Net changes in operating assets and liabilities: Trade accounts receivable, net (2,843) 3,261 (9,424) 5,464 Prepaid expenses and other current and non-current assets (15,192) (3,268) (21,764) (2,277) Payables and other trade accruals 1,794 (3,018) 9,249 (2,991) Other accrued liabilities 10,910 357 10,354 (8,138) ------ --- ------ ------ Net cash provided by continuing operations 32,319 38,396 71,291 84,046 Net cash provided by discontinued operations 1 - 1 - --- --- --- --- Net cash provided by operating activities 32,320 38,396 71,292 84,046 ------ ------ ------ ------ Cash Flows from Investing Activities: Payments for capital expenditures (51,476) (27,224) (102,167) (45,476) Acquisition of business, net of cash acquired (112,537) - (112,537) - -------- -------- -------- -------- Net cash used in investing activities (164,013) (27,224) (214,704) (45,476) -------- -------- -------- -------- Cash Flows from Financing Activities: Proceeds from long- term debt 110,000 799 110,000 2,865 Payments for debt issuance costs (2,550) - (2,550) - Proceeds from stock option exercises 2,683 38 9,331 42 Payments for employee taxes on equity-based instruments (2) - (2,814) (444) Principal payments on long-term debt (1,650) (1,650) (3,300) (3,300) Principal payments under capital lease obligations (2,651) (2,208) (5,189) (4,158) Other, net (586) - (1,198) - ---- ------ ------ ------ Net cash provided by (used in) financing activities 105,244 (3,021) 104,280 (4,995) ------- ------ ------- ------ Effect of exchange rate changes on cash and cash equivalents (750) 935 (2,954) 89 ---- --- ------ --- Net Increase (Decrease) in Cash and Cash Equivalents (27,199) 9,086 (42,086) 33,664 Cash and Cash Equivalents, Beginning of Period 145,928 145,862 160,815 121,284 ------- ------- ------- ------- Cash and Cash Equivalents, End of Period $118,729 $154,948 $118,729 $154,948 ======== ======== ======== ======== Supplemental Disclosures of Cash Flow Information: Cash paid for interest $12,953 $12,613 $20,786 $20,101

SAVVIS, Inc. and Subsidiaries Unaudited Selected Condensed Consolidated Financial Information (in thousands) Three Months Ended ------------------ June 30, March 31, -------- 2010 2009 2010 ---- ---- ---- Segment Revenue: Hosting $158,179 $152,159 $152,751 Network 63,577 67,702 63,836 -------- -------- -------- Total Revenue $221,756 $219,861 $216,587 ======== ======== ======== Segment Adjusted EBITDA: Hosting $59,280 $60,221 $58,960 Network 16,589 16,804 16,265 Corporate - Other (1) (21,153) (21,904) (21,272) ------- ------- ------- Total Adjusted EBITDA (2) $54,716 $55,121 $53,953 ======= ======= ======= Adjusted EBITDA Reconciliation: Income from continuing operations $2,569 $9,537 $4,763 Depreciation, amortization and accretion 42,089 37,799 40,737 Non-cash, equity-based compensation 6,545 7,785 8,453 Acquisition and integration costs 3,513 - - ------- ------- ------- Adjusted EBITDA $54,716 $55,121 $53,953 ======= ======= ======= Reconciliation of Adjusted EBITDA to Income (Loss) from Continuing Operations before Income Taxes: Adjusted EBITDA $54,716 $55,121 $53,953 Depreciation, amortization and accretion (42,089) (37,799) (40,737) Non-cash, equity-based compensation (6,545) (7,785) (8,453) Acquisition and integration costs (3,513) - - Interest income 20 44 30 Interest expense (15,573) (14,661) (15,475) Other income (expense) 66 (338) (312) --- ---- ---- Income (Loss) from Continuing Operations before Income Taxes $(12,918) $(5,418) $(10,994) ======== ======= ======== Leveraged Free Cash Flow Reconciliation: Adjusted EBITDA $54,716 $55,121 $53,953 Acquisition and integration costs (3,513) - - Cash capital expenditures (51,476) (27,224) (50,691) Cash interest paid (12,953) (12,613) (7,832) Interest income 20 44 30 -------- ------- ------- Leveraged Free Cash Flow (3) $(13,206) $15,328 $(4,540) ======== ======= ======= -------------------------------- (1) Corporate - Other adjusted EBITDA includes all costs not directly associated with hosting services or network services. Costs not directly associated with hosting services or network services include, but are not limited to, general and administrative costs. (2) Adjusted EBITDA represents income from continuing operations before depreciation, amortization, accretion and non-cash, equity-based compensation and excludes acquisition and integration costs. We have included information concerning adjusted EBITDA because we believe that in our industry such information is a relevant measurement of a company's operating financial performance and liquidity. The calculation of adjusted EBITDA is not specified by United States generally accepted accounting principles. Our calculation of adjusted EBITDA may not be comparable to similarly titled measures of other companies. (3) Leveraged Free Cash Flow represents adjusted EBITDA less cash paid acquisition and integration costs, less cash capital expenditures and less cash interest, net. We have included information concerning leveraged free cash flow because we believe that in our industry such information is a relevant measurement of a company's operating financial performance and liquidity.

SAVVIS, Inc. and Subsidiaries Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share data) Three Months Six Months Ended Ended ----- ----- June 30, 2010 ------------- Revenue $221,756 $438,343 Operating Expenses: Cost of revenue (including non-cash, equity-based compensation of $1,491, $1,474, $3,121 and $2,957) 120,221 239,589 Sales, general and administrative expenses (including non-cash, equity-based compensation of $5,054, $6,311, $11,877 and $11,719) 56,877 108,596 Depreciation, amortization and accretion 42,089 82,826 ------ ------ Total Operating Expenses 219,187 431,011 ------- ------- Income from Continuing Operations 2,569 7,332 Other income and expense 15,487 31,244 ------ ------ Income (Loss) from Continuing Operations before Income Taxes (12,918) (23,912) Income tax expense 224 579 --- --- Income (Loss) from Continuing Operations, net of Income Taxes (13,142) (24,491) ------- ------- Income (loss) from discontinued operations, net of income taxes (49) (49) --- --- Net Income (Loss) $(13,191) $(24,540) ======== ======== Adjusted EBITDA $54,716 $108,669 As a percentage of revenue 25% 25% Acquisition and integration costs 3,513 3,513 ----- ----- Adjusted EBITDA including acquisition and integration costs $51,203 $105,156 As a percentage of revenue 23% 24%

SAVVIS, Inc. and Subsidiaries Unaudited Supplemental Revenue Information (in thousands, except per square foot amounts) Three Months Ended ------------------ June 30, September 30, December 31, 2009 2009 2009 ---- ---- ---- Data Center Revenue Colocation $84,856 $85,341 $86,892 Managed hosting 67,303 62,814 67,772 Data Center Metrics (1) Total raised floor 1,433 1,433 1,433 Revenue space 923 886 878 Billed square feet 622 640 591 Utilization 67% 72% 67% Average Billed Square Feet Colocation 595.4 608.6 592.3 Managed hosting 21.4 22.2 22.9 ----- ----- ----- Total Average Billed Square Feet 616.8 630.8 615.2 ===== ===== ===== Average Monthly Data Center Revenue Per Billed Square Foot (2) Colocation $47.5 $46.7 $48.9 Managed hosting 1,046.4 945.1 985.4 Three Months Ended ------------------ March 31, June 30, 2010 2010 ---- ---- Data Center Revenue Colocation $82,467 $84,281 Managed hosting 70,284 73,898 Data Center Metrics (1) Total raised floor 1,477 1,477 Revenue space 889 885 Billed square feet 601 622 Utilization 68% 70% Average Billed Square Feet Colocation 572.1 586.6 Managed hosting 23.8 25.1 ----- ----- Total Average Billed Square Feet 595.9 611.7 ===== ===== Average Monthly Data Center Revenue Per Billed Square Foot (2) Colocation $48.1 $47.5 Managed hosting 984.5 974.4 (1) Data center metrics are calculated as of period end for each respective quarter. (2) Average monthly data center revenue per billed square foot is calculated as the revenue per quarter divided by the average billed square feet per quarter stated on a monthly basis. SAVVIS Revenue by Vertical Three Months Ended ------------------ June 30, September 30, December 31, 2009 2009 2009 ---- ---- ---- Financial vertical $60,065 $53,974 $57,742 Other 159,796 159,237 162,077 -------- -------- -------- Total Revenue $219,861 $213,211 $219,819 ======== ======== ======== Three Months Ended ------------------ March 31, June 30, 2010 2010 ---- ---- Financial vertical $55,532 $60,417 Other 161,055 161,339 -------- -------- Total Revenue $216,587 $221,756 ======== ======== Network Revenue Supplemental Information: Three Months Ended ------------------ June 30, September 30, December 31, 2009 2009 2009 ---- ---- ---- Core (1) $26,918 $28,616 $31,483 Sustaining (2) 40,784 36,440 33,672 ------- ------- ------- Total Network Revenue $67,702 $65,056 $65,155 ======= ======= ======= Three Months Ended ------------------ March 31, June 30, 2010 2010 ---- ---- Core (1) $31,670 $33,459 Sustaining (2) 32,166 30,118 ------- ------- Total Network Revenue $63,836 $63,577 ======= ======= (1) Core network includes revenue from Thomson Reuters and from other financial vertical and data center customers, 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.

SOURCE: Savvis, Inc.

CONTACT: Investors: Peggy Reilly Tharp, +1-314-628-7491,peggy.tharp@savvis.net; or Media: George Csolak, +1-314-628-7266,george.csolak@savvis.net