PEER 1 Hosting’s normalized earnings before interest, taxes, depreciation, and amortization dropped from $6.5 million in Q1 2010 to $6.02 million in Q1 2011. (WEB HOST INDUSTRY REVIEW) — Online IT infrastructure provider PEER 1 Network Enterprises ( www.peer1.com ) has announced its results for the three months ended September 30, 2010, reporting a 12.6-percent revenue increase to $26.3 million from $23.4 million compared to the same quarter last year, however, operating income, normalized EBITDA and net income decreased. According to PEER 1’s Wednesday announcement, the increase in revenue in the first fiscal quarter of 2011 is primarily due to organic growth, the effect of the increase in value of the Canadian dollar against the US dollar, and from PEER 1’s acquisition of Atlanta-based hosting provider VIA Net.Works USA ( www.vianetworks.net )