Megaport (ASX:MP1) see a 10 per cent rise in quarter revenue

Company News

by Rachael Jones

Megaport (ASX:MP1) has reported revenue in the March quarter of $15.2 million, up 10 per cent on the previous 3 months.

Monthly recurring revenue for march 2020 rose by 19 per cent on the prior quarter to $5.4 million.

Customer numbers are 6 per cent higher to 1777.

Receipts from customers were $13.9 million whereas the previous quarter was $14 million.

Shares in Megaport (ASX:MP1) are trading 1.23 per cent lower at $12.04.