NextDC records loss as it transitions out of development phase

Datacentre operator experiences loss amid datacentre revenue rise

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.

CHANNEL CHOICE: Vote Now for your favourite in the three categories: Vendor, Distributor and Reseller. Voting closes August 8.

Tags datacentrefinancialsDCaaSdatacentre-as-a-serviceNextDC

More about Telstra

ARN Directory | Distributors relevant to this article

Comments

Comments are now closed

 

Latest News

05:28PM
Channel’s Software-Defined Everything competency will be specialised: Schneider ...
04:33PM
Communications Alliance urges caution in online copyright debate
04:13PM
The “always-on” business needs quick recovery: Veeam
03:44PM
Atmail Cloud billings jump 900 per cent on Zuora SaaS platform
More News
05 Aug
Systems Technology Day - Build Your Own Private Cloud
06 Aug
Oracle Employee Experience Journey Mapping Workshops
20 Aug
Westcon Group Imagine 2014 - Melbourne
21 Aug
CAST 611 Advanced Penetration Testing
View all events