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.