Macquarie Telecom records NPAT of $11.1 million

Macquarie Telecom (ASX: MAQ) has reported a record Net Profit After Tax (NPAT) of $11.1 million for the half year ending December 31, 2011, up 13.8 per cent from the previous corresponding period.

The company also delivered a record Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) result of $21.1 million, up four per cent since the same time the previous year.

“Macquarie Telecom has delivered a record half year result whilst absorbing the impact of establishment costs associated with Intellicentre 2 and Cloud computing,” Macquarie Telecom chairman, Robert Kaye, said.

Its hosting business recorded EBITDA of $7.7 million.

Macquarie Telecom said the result includes establishment costs associated with Intellicentre 2 and Cloud computing.

Following admission into the restricted Australian Government Information Management Office (AGIMO) datacentre panel, the company has initiated significant investment in Federal government service staff, security products and accredited datacentre facilities.

Macquarie Telecom’s Telco (Data, Voice and Mobile) business delivered $82.5 million in revenue and EBITDA of $16.5 million, up 4.5 per cent on the previous corresponding period. It attributed strict cost control and automation to the improved margins in the Telco business.

The telco service provider intends to invest $60 million in datacentre expansion in the coming year.

Macquarie Telecom chief executive, David Tudehope, said that it will continue to invest in developing its Cloud computing offerings as he believes it will increase the trend of selective outsourcing of internal information technology and provide new market opportunities for the company.

“In the remainder of fiscal 2012 we expect to complete the construction of the Intellicentre 2 datacentre. Phase one will see a further $47.4 million invested into building construction, mechanical and electrical needs. About $31.8 million of this investment is expected to be made in the second half of fiscal 2012,” he added.

Additional capital expenditure for fiscal 2012 is expected to be $16 million-$18 million.

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