Macquarie Telecom (MAQ) has posted strong results for financial year 2011 with net profit after tax (NPAT) from continuing operations up by 70 per cent to $17.7 million despite revenue being slightly down.
The business-only telco also recorded a 70 per cent NPAT from continuing operations increase for its financial year 2010 results, from $6.1 million to $10.4 million.
In the previous corresponding year, Macquarie's net profit after tax from continuing operations was $10.4 million. This amount, however, does not factor in the 2010 profit from discontinued operations, which was $7.5 million.
Earnings before interest, tax, depreciation and amortisation (EBITDA) from continuing operations were up 28 per cent to $37.2 million.
Revenue for Macquarie Telecom dipped marginally in financial year 2011. It was $230.6 million as opposed to $238.1 million in the previous financial year.
Once again, the telco attributed its strong results to its healthy hosting business, contributing $53.7 million (24 per cent) of Macquarie’s total revenue. It recorded an EBTIDA of $14.6 million. This was down 4.2 per cent from last year but this was mainly due to a $3.6 million investment in cloud computing.
The data, voice and mobile division brought in $173.7 million in revenue and $28.6 million in EBITDA, up 40.4 per cent.
While it has a good $53.5 million cash and cash equivalent funds in the bank, the company did invest $60 million to expand its datacentre footprint with its Intellicentre 2 to be established in North Ryde, Sydney.
For the 2012 financial year, Macquarie will continue investing in expanding its datacentre and cloud computing presence.
The telco has also started its year-long journey to transform its business to accommodate for the National Broadband Network (NBN) as it is being rolled out.