Macquarie Telecom reports upgraded earnings guidance of $40.6 million

Macquarie Telecom reports upgraded earnings guidance of $40.6 million

Telco and data centre provider also commissions second Sydney data centre, Intellicentre 2

Macquarie Telecom (ASX: MAQ) has reported an upgraded earnings guidance for the full year ended 30 June 2012 of $40.6 million, an increase of 9 per cent on the previous corresponding period.

According to an ASX announcement, the expected result exceeds the previous earnings before interest, tax, depreciation and amortisation (EBITDA) guidance of between $36 million and $38 million.

Macquarie Telecom also reported cash and cash equivalents of $30.8 million and no debt as of 30 June 2012.

The company will release its ASX results for the year ended 30 June on 23 August this year.

In February 2012, the company reported net profits after tax of $11.1 million for the six months ended 31 December 2011, a 13.8 per cent hike on the previous corresponding period.

Macquarie Telecom's reported EBITDA rose 4 per cent to $21.1 million, up from $20.3 million on the previous corresponding period.

In addition, Macquarie Telecom announced the commissioning of its second Sydney data centre, Intellicentre 2 (IC2), in Macquarie Park.

The $60 million facility, built over a 20,000 square metre site, has a reported power usage effectiveness (PUE) rating of 1.3, which, according to the company, is nearly twice as energy efficient as the global average for data centres.

According to Macquarie Telecom’s chief executive, David Tudehope, the company’s anchor tenant, News Limited, is in the process of moving into the data centre and there is “strong interest from potential new customers.”

Follow Hamish Barwick on Twitter: @HamishBarwick

Follow CIO Australia on Twitter and Like us on Facebook… Twitter: @CIO_Australia,

Facebook: CIO Australia, or take part in the CIO conversation on LinkedIn: CIO Australia

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about C2FacebookMacquarie Telecom

Show Comments