​Strong sales boost NextDC revenue by 85 percent

The positive momentum that NextDC experienced during the first half of the 2015 financial year continued to carry on for the period ending 30 June 2015.
Written by Aimee Chanthadavong, Contributor

NextDC continued to shrink its statutory losses during the 2015 financial year with a strong sales performance and an expanding network footprint.

The company reported for the full year that revenue was up by 85 percent on last year to AU$60.9 million. It also reported an EBITDA of AU$8 million, a rise of AU$24.1 million on FY14. At the same time, statutory net loss after tax was AU$10.3 million, up from FY14 net loss after tax of AU$22.9 million.

Contributing to the rise in revenue was datacentre services revenue of AU$58.7 million, jumping 93 percent from FY14.

The company said new sales and contracts also helped it secure strong momentum during the year. Some of these contracts included signing a deal with the federal government; Microsoft for the connections to its Azure public cloud platform via ExpressRoute; and CenturyLink.

The positive results follows momentum from the first half year results when the company achieved its first positive earnings of AU$3 million, up from an AU$3.4 million loss that was recorded during the same period from the previous financial year.

NextDC's outlook on FY16 indicated it expects to see further growth in contracted and recurring revenue, and customer driven capital investment. As a result, it expects revenue to rise between 40 to 48 percent, reaching AU$85 million to AU$90 million, and EBITDA to be between AU$25 million to AU$28 million. The company also said it expects capital expenditure to reach between AU$75 million to AU$85 million.

On the back of a strong take up of capacity at its Brisbane B1 and Melbourne M1 facilities, NextDC also said it is now assessing new facilities at Brisbane B2 and Melbourne M2, but it will be dependent on prospective customer demand.

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