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NEXTDC inks $35 million Federal Government deal

NEXTDC inks $35 million Federal Government deal

The six-year contract comes with optional extensions

ASX-listed NEXTDC (ASX:NXT) has landed a $35 million contract with the Federal Government for the provisioning of data centre services.

The six-year contract comes with optional extensions, but due to the sensitive nature of the deal, the department, location and use has not been made public.

Revenue from the contract will begin to be realised in the second quarter of FY16 and ramp up to full billing in the next 24 months.

Last month, NEXTDC launched its new virtual exchange business subsidiary, Axon Systems, which will provide ‘connectivity-as-a-service’ to Australian businesses.

The AxonVX elastic fabric technology will provide users with the ability to create and manage virtual connections, dial the connections up and down as they need and only pay for what they consume.

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