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VMware Invests $20 Million In Terremark Cloud Services: Page 2 of 2

Revenue for the year was $250.5 million, a 34 percent increase over the year before. Gross profit margins were 46 percent for the year. It delivered record bookings of $31.8 million for the quarter ended March 31, according to CFO Jose Segrera.

Both large companies and government agencies are using its services, Medina said. In February, Terremark announced that the General Services Administration had selected it to power USA.gov, the federal government's official Web portal, and a Spanish-language companion portal. In January, it added "burstmode" for enterprise workloads, giving customers additional power in the cloud as needed. The company had 1,100 customers at the end of its fiscal year.

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