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Cyxtera Cyxtera Announces Third Quarter 2021 Results -- Raises Full - Year 2021 Outlook -- Miami , FL - November 15 , 2021 – Cyxtera ( NASDAQ : CYXT ) , a global leader in data center colocation and interconnection services , today released financial results for the quarter ended September 30 , 2021 . " Combining the strong results our team delivered in the third quarter with the momentum we've generated over the last several quarters gives us the confidence to raise the midpoint of our 2021 revenue and Transaction Adjusted EBITDA guidance by 1 % and 2 % , respectively , to $ 699 million and $ 225 million , " said Nelson Fonseca , Cyxtera's Chief Executive Officer . " We're excited to report our first quarterly results since becoming a public company at the end of July , and we look forward to participating in the Nasdaq Closing Bell ceremony on December 6th to mark this major milestone . We're also excited by the launches of our SmartCabs offering and the Nutanix Federal Innovation Lab , which reinforces our continued ability to innovate and partner with leading - edge technology providers . " Q3 2021 Financial Highlights ● Total revenue increased by $ 5.1 million or 2.9 % year over year to $ 177.1 million . Recurring revenue increased by $ 5.8 million or 3.5 % year over year to $ 169.3 million . Core revenue increased by $ 12.5 million or 8.4 % year over year to $ 161.0 million . Net Loss of $ 46.7 million in the quarter ; Transaction Adjusted EBITDA¹ increased by $ 3.5 million or 6.4 % year over year , to $ 58.1 million , principally due to higher revenue and improvements in cost of revenue . Q3 2021 Business Highlights Continued positive sales momentum resulted in Core annualized bookings increasing by approximately 2.5 % year over year . Average monthly Core churn of 0.7 % , an improvement of 20 basis points over the same quarter of last year . Interconnection revenue accounted for 11 % of total revenue . Introduced SmartCabs , which is an extension of our Digital Exchange that provides customers with dedicated , on - demand colocation cabinets complete with built - in power and integrated , configurable , core network fabric . Announced the launch of the Nutanix Federal Innovation Lab , powered by Cyxtera , which provides access to an ecosystem of innovative technology companies to support the most complex government workload requirements . Awarded the Global Service Provider of the Year at Nutanix .NEXT Digital Experience conference , in recognition for providing enterprises with on - demand access to Nutanix's market - leading Hyperconverged Infrastructure Enterprise Cloud software directly within the data center . ¹A complete reconciliation of Net Loss to Transaction Adjusted EBITDA is included in the financial tables included in this release .