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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.