Macquarie Telecom Group has suffered a 17.5% drop in net profit for the full year 2020, despite increasing revenue by 8% to $266.2 million for the year.
Australian listed IT services provider Data#3 increased revenues by 14.9% to $1,625.9 million for the full year 2020 on the back of strong growth in public cloud revenues, which were up by 60.4% to $581.0 million.
Telstra has suffered a 14% drop in profits with the telco putting the decline down to pressure put on it by the the coronavirus pandemic and the national bushfire crisis.
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