Tuesday, 31 January 2017 20:52

Megaport continues global ecosystem expansion as revenue increases Featured

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ASX-listed data centre operator Megaport says the first half of the 2017 fiscal year has been a very successful one on all fronts, including revenue, locations, ports, and services.

The Brisbane-based global provider of elastic interconnection services reports 39% growth for the second quarter, which chief financial officer Haidee Van Ruth says reflects the first full quarter of acquisition revenue and organic growth for Megaport.

“This is a result of a strong contribution from North America with a 272% net increase, along with continued growth in Australia and Europe,” Van Ruth said.

“Of particular note, there was a 40% increase in VXCs during the period, which improved the average revenue per port and overall revenue. This indicates that Megaport customers are leading the trend of cloud compute adoption, and increasing their consumption of cloud connectivity.”

Megaport chief executive Denver Maddux, said the company was committed to the “vigorous execution of our strategy to ensure we remain the undisputed leader in the provision of elastic connectivity to cloud users the world over”.

Megaport (ASX:MP1) now operates 141 data centres in 37 cities across 19 countries including 45 data centres in the Asia Pacific region with the addition of three new data centres in Australia and Singapore.

The company says Australia is operating EBITDA positive and at the end of the quarter it launched additional capacity through a Trans-Pacific link to support global multi-cloud interconnection.

According to Megaport, connecting Hong Kong to Los Angeles, and adding a secondary path from Singapore to Hong Kong, was driven by customer demand.

This is what Megaport reports for other regions:

●     North America: 39 data centres, with the addition of six new data centres in the period. Additionally, Digital Realty’s Service Exchange went live in November following the successful deployment of Megaport across 16 Digital Realty data centres and completion of White-label integration. Eight new cloud on-ramps were established, with the first Azure GovCloud locations in Dallas and Chicago. Current expansion is underway in two new markets in Canada, the New York/New Jersey metropolitan areas, and in ten new CyrusOne locations

●     Europe: 57 data centres. The region is Operating EBITDA3 positive. Network integration is underway and on track to complete this financial year. Megaport is the first to offer the Microsoft German Cloud on-ramp, located in Berlin and available across all Megaported German locations. In addition, six new cloud on-ramps were established with Microsoft, Amazon, and Google.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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