Macquarie Telecom CEO David Tudehope

Macquarie Telecom CEO David Tudehope

Investments in data centres and cloud computing has paid off for Macquarie Telecom after experiencing nine consecutive halves of revenue and profit growth.

Revenue increased four per cent to $119.6 million and net profit after tax also rose four per cent to $8.3 million during its first half FY19, ending 31 December. EBITDA increased 13 per cent to $25.5 million.

“Sustained growth in profitability over the last nine halves has allowed Macquarie to consider opportunities to invest for future growth. Hosting’s growing profitability reflects the operating leverage from our investments in data centres and cloud computing,” Macquarie Telecom CEO, David Tudehope, said.

Specifically, Macquarie’s Telecom business contributed service revenue of $69.2 million, down $1.8 million on the same period last year, which was attributed to lower mobile sales. The Hosting arm contributed external service revenue of $50.4 million, an increase of $6.6 million on the back of strong sales and order implementation.

A delay in the planning and approval of Intellicentre 3, has resulted in the data centre’s completion date moving to the first half of 2020 calendar year with expenditure expected to be between $17 and $20 million. 

(Excerpt) Read more Here | 2019-02-26 22:59:00
Image credit: source

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