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Macquarie back in the black after growth in Cloud and government

Macquarie back in the black after growth in Cloud and government

Macquarie Telecom bounces back to profit

Growth in government contracts and Cloud services business has seen Macquarie Telecom (ASX:MAQ) bounce back into the black, with the publicly-listed telco reporting a 223 per cent increase in net profit after tax (NPAT) of $5.4 million for the year ending June.

The company’s latest result is a far cry from the $4.3 million loss it recorded for the same period last year, and comes after substantial growth in Cloud services, government deals, and continued year-on-year growth for its Telecom business.

In a presentation to shareholders, the company also cited a focus on Net Sales Performance, customer service, and an improved pursuit of operational efficiencies as contributing to the conversion of revenue into growth in earnings (EBITDA), NPAT, and earnings per share (EPS).”

The company reported a five per cent rise in revenue to $202.6 million, a 23 per cent lift in EBITDA to $32.3 million, and a 223 per cent lift in EPS.

“Revenue and profit growth has been driven by new customer acquisition and strong customer retention resulting from a clear focus on NPS (Net Promoter Score),” the company told investors.

At the time of publication, the company's shares were trading at $12.72.

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