GDS Holdings Ltd (NASDAQ:GDS) shares are trading higher after its second-quarter FY24 results. Net revenue increased 14.3% Y/Y to $388.9 million, missing the consensus of $389.4 million. The increase was mainly due to the ongoing ramp-up of the data centers and business growth. Adjusted gross profit was $199.7 million, an increase of 10.0% Y/Y, and the margin was 51.4%, compared with 53.4% a year ago. As of June-end, the total area committed and pre-committed increased by 18.7% Y/Y to 756,992 sqm, while the area in service grew by 18.8% Y/Y to 630,963 sqm. The commitment rate for the area in s…