TeraGo sees growth in cloud, colocation services

TORONTO — Data centre and connectivity services provider TeraGo experienced growth in its cloud and colocation business in the second quarter of 2018, but saw an overall decrease in revenues due to the weaker performance of its connectivity division.The company’s total revenues decreased 1.5% to $13.7 million for the second quarter of 2018, compared to $13.9 million for the same quarter of 2017. Revenues generated by its connectivity services business decreased 4.2% to $8.8 million in Q2 2018, compared to the division’s Q2 2017 revenues of $9.2 million. Connectivity revenues were impacted by a variety of factors, including churn and...