Macquarie Telecom posts solid result

Company News

by Anna Napoli

Macquarie Telecom's, (ASX:MAQ) share price could be one to watch today after the company announced a strong half year result after market close yesterday.

The data centre, cloud, cyber security and telecom company reported net profit after tax of $8.3 million, an increase of 4 per cent on the same time last year.

 Revenue increased by 4 per cent increase in revenue to $119.6 million.

Earnings (EBITDA) rose 3 per cent to $25.5 million, which was in line with its guidance.

The company’s Hosting segment was the key driver of growth, delivering a 14 per cent increase in segment EBITDA to $15.3 million.

No interim dividend has been declared with the company in a phase of significant capital investment growth.

Looking forward, management expects strong full year sale growth to lead to full year EBITDA in the range of $51 million to $53 million.

Shares in Macquarie Telecom, (ASX:MAQ) closed 2.24 per cent higher at $3.20 yesterday.


 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.