Menu
NextDC records loss as it transitions out of development phase

NextDC records loss as it transitions out of development phase

Datacentre operator experiences loss amid datacentre revenue rise

Comments

Datacentre operator, NextDC, experienced a $7.3m loss in the first half of fiscal 2014, down from a $4.7m profit in the previous corresponding period.

Datacentre revenues jumped $7.6m to $11.4m as the company gained revenue from four operating datacentres in Brisbane (B1), Melbourne (M1), Canberra (C1), and Sydney (S1).

B1 contributed positive facility earnings before interest, tax, depreciation and amortisation (EBITDA) at $2.2m, up from $1.1m in the first half of fiscal 2013. M1 broke even, recording $1.1m in the same period.

On February 24, NextDC launched its Perth P1 colocation. Building construction risk has been removed with no new datacentres under construction, ongoing data hall fit-outs aside.

Total revenue from ordinary activities spiked 495 per cent and was $28.8m.

“NextDC has recently been focused on the rapid development of its national network of carrier- and vendor-neutral datacentres,” chief executive officer (CEO), Craig Scroggie, said. “As the company begins to transition out of the development phase and leverages its… national network of datacentres, the operating leverage of the model will become more pronounced in the financial results.”

NextDC said that since June 30, 2013: annualised contracted recurring revenue increased $4.4m (14 per cent) to $35.1m; high-margin cross connects increased by 493 to 1006, representing four per cent of recurring revenue in December 2013; annualised unweight pipeline increased by $8m (seven per cent) to $127m.

It also signed a contract with Telstra to provide the telecommunication provider’s enterprise, government and business customers with access to its datacentres across the country.

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags datacentrefinancialsDCaaSdatacentre-as-a-serviceNextDC

Upcoming

Slideshows

IN PICTURES: VMworld 2015 Asia-Pacific and Japan party (+ 32 photos)

IN PICTURES: VMworld 2015 Asia-Pacific and Japan party (+ 32 photos)

VMware recently held an Asia-Pacific and Japan party for its partners in San Francisco following two days of keynotes and sessions. Whilst mingling and enjoying drinks and finger food, the partners were joined by VMware management who also took the opportunity to let their hair down to have some fun.

IN PICTURES: VMworld 2015 Asia-Pacific and Japan party (+ 32 photos)
IN PICTURES: VMworld 2015 sponsor and partner showcase (+41 photos)

IN PICTURES: VMworld 2015 sponsor and partner showcase (+41 photos)

VMware's sponsors and partners used the opportunity at VMworld 2015 to showcase some of their technologies. At an exhibition hall, these vendors educated those that popped by their stands on these solutions and addressed some of the issues surrounding mobility, datacentres, and the Cloud. SOme of the big names there included f5, Palo Alto Networks, HP, Intel, Samsung, and Symantec.

IN PICTURES: VMworld 2015 sponsor and partner showcase (+41 photos)

iasset.com is a channel management ecosystem that automates all major aspects of the entire sales, marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

Show Comments