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Cyxtera Cyxtera Announces Second Quarter 2021 Results Miami , FL August 9 , 2021 - Cyxtera ( NASDAQ : CYXT ) , a global leader in data center colocation and interconnection services , today released financial results for the quarter ended June 30 , 2021 . " In the second quarter of 2021 our team built on the momentum we created through 2020 and the first quarter this year to again deliver solid results , " said Nelson Fonseca , Cyxtera's Chief Executive Officer . " With the continued positive trends we're seeing across our business , we believe that we are well positioned to continue our growth trajectory and successfully execute on our strategy to deliver innovative , industry - leading solutions for our customers ' digital transformation needs across our global data center platform . " Q2 2021 Financial Highlights Total revenue increased in Q2 2021 by $ 2.2 million or 1.3 % year - over - year to $ 175.4 million . Recurring revenue increased by $ 2.2 million or 1.3 % year - over - year to $ 167.3 million . Core revenue increased by $ 10.6 million or 7.1 % year - over - year to $ 159.4 million . Transaction Adjusted EBITDA increased by $ 3.2 million or 5.4 % year - over - year , to $ 62.3 million , principally due to higher revenue and improvements in cost of revenue on a Net Loss of $ 93.0 million in the quarter , inclusive of a $ 58.9 million restructuring charge for the closure of the Company's Moses Lake facility . Q2 2021 Business Highlights ● ● ● Selected Nextera Energy Resources as a preferred supplier of Green Energy to accelerate sustainability initiatives . Secured a new 9 - MW facility in Silicon Valley and announced capacity expansions in existing Silicon Valley and Chicago facilities . ● Continued positive sales momentum resulted in core bookings increasing by approximately 54 % over the same quarter last year . Average monthly churn of 0.9 % for Q2 2021 improved over the same quarter of last year . ● Successfully extended the majority of the Company's Revolving Credit Facility with the strong support of the lender group to November of 2023 . " We are pleased with our second quarter performance . In addition , we have completed our business combination with Starboard Value Acquisition Corp , which strengthened our balance sheet and financial position , including the repayment of the second lien , reducing our leverage ratio from 10.0x to 8.0x , " said Carlos Sagasta , Cyxtera's Chief Financial Officer . 2021 Outlook For the full year 2021 , the Company continues to expect total revenue of $ 681 to $ 702 million and Transaction Adjusted EBITDA of $ 217 to $ 223 million . The company now expects expansion capital expenditures of $ 65 to $ 80 million . The top end of the range represents a $ 15 million increase from previous guidance and reflects the recently announced expansion capacity in top tier North American and International markets .