NEXTDC REPORTS LOSS

Written on the 28 February 2014

NEXTDC REPORTS LOSS

 NEXTDC Limited (ASX:NXT) has suffered a loss attributable to members of $7.3 million compared to $4.3 million in profit in the previous corresponding period.

This was despite the cloud computing company’s 200 per cent boost in revenue to $11.4 million.

Chief executive officer Craig Scroggie says the focus has been on developing the network of carrier and vendor neutral data centres.

“As the company begins to transition out of the development phase, and leverages its impressive national network of data centres, the operating leverage of the model will become more pronounced in the financial results.”

During the half year to December, NXT generated revenue from four operating data centres.

Scroggie says the next half is promising, after the fifth data centre in Perth went live on Monday.

“With the opening of our fifth world-class data centre, P1 Perth, the company now has a true national presence.

“We are in position to leverage our national network of vendor and carrier neutral data centres for the benefit of all customers and partners.

“During the period we have achieved many important milestones in capital management, development and sales.”

Scroggie lists the company’s deal with Telstra as a channel partner in December and $30 million corporate debt facility with ANZ in August as highlights.

“Our focus now turns to enabling our broad network of channel partners and continuing to build on the development of our rich customer ecosystem.”


Latest News

DREAMWORLD PARENT COMPANY DEMOTES CEO DEBORAH THOMAS

ARDENT LEISURE, the parent company of Gold Coast's Dreamworld theme park, has reshuffled its core leadership w...

MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

A MELBOURNE shopping centre has been sold for $48 million, bringing the total spent by Chinese investors on Victor...

HOW WEDDING WOES INSPIRED A BOOMING BUSINESS FOR MEGAN ZIEMS

WHEN she was dress shopping for her wedding in 2010, Megan Ziems (pictured left) was disappointed to discover a ma...

SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

CLEANING and catering services company Spotless has rejected a $1.26 billion takeover bid from mining services firm D...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter