Megaport (ASX:MP1) see revenue up 10% quarter on quarter

Company News

by Rachael Jones

Connectivity company Megaport (ASX:MP1) today reports their quarterly Key Performance Indicators to 31 March 2020 showing revenue for the period was $15.19 million, an increase of 10 per cent quarter on quarter.

In March 2020, Megaport achieved 1,777 customers, generated $5.4 million of Monthly Recurring Revenue.

Megaport expanded its Japan footprint with the addition of two new data centres and integration with two new onramps in Tokyo as well as extension into Osaka with the addition of three new data centres.

Shares in Megaport (ASX:MP1) are trading 1.04 per cent higher at $9.69.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.