NextDC has posted strong revenues, improved its EBITDA and reported reduced losses for the fiscal year ending June 2021.
In the 12 months ended 30 June 2021, NextDC saw its revenue grow 23 percent year over year from $200 million to $246.1 million, while EBITDA increased 29 percent from $103 million to $133 million.
NextDC also posted a loss of $20.7 million in FY21, down from $45 million last year. The reduction was due to a deferred income tax bill. Most of the financial hit was related to depreciation costs, the company said.
Further, in the 2021 financial year, NextDC’s growth was driven by a steady increase of enterprise customers. It added 183 customers and took the total customer base to 1,547 during the period. Contracted utilisation also increased 8 per cent to 75.5 megawatts (MW), while data centre interconnections grew 13 per cent to 14,718, representing 7.7 per cent of recurring revenue.
“We are pleased to deliver on market expectations, with the company’s FY21 results coming in ahead of the upgraded guidance provided at the time of NEXTDC’s 1H21 results in February,” NextDC chief executive Craig Scroggie said.
“Today’s results are a testament to the company’s pursuit of excellence, against a more difficult economic backdrop due to the COVID-19 global pandemic.”
Strong uptake
The company also revealed developments of its data centre construction work, specifically with its upcoming facilities in Sydney and Melbourne.
The S2 facility has completed its fit-out to take total installed capacity to 30 megawatts, while S3’s construction has “well progressed” with the first stage set to finish on target in the second half of FY2022. In March this year, NextDC started construction of S3, one of its largest data centres.
It is located in Artarmon on Sydney’s lower North Shore. Besides employing a “hybrid” scheme to support heavy plant and equipment, the structure includes a range of environmentally sustainable design features. NextDC also said it has secured land for its upcoming 300 megawatt S4 facility.
In July, NextDC secured a new data centre site in Western Sydney. S4 Sydney is a significant long-term expansion opportunity that will provide data centre services to Hyperscale Cloud Providers in a new ‘Availability Zone’ within the Sydney market not currently serviced by NextDC’s existing data centres (S1 – 16MW, S2 – 30MW and S3 – 80MW, which is under development).
S4 will also play a critical role in enabling Enterprise and Government customers to scale their critical infrastructure platforms in this important digital gateway region.
Read more: https://w.media/nextdc-announce-300mw-hyperscale-data-centre-campus-in-australia/
The M2 facility meanwhile is in the process of adding 9 megawatts of new capacity, while M3 has acquired additional property to increase its planned capacity to 150 megawatts and a land area of 100,000 square metres.
Earlier, in August, NextDC received a formal planning consent for the construction of a new hyperscale technology campus. Located in West Footscray, approximately 10km west of Melbourne’s CBD, M3 is prominently located close to a major electricity substation as well as telecommunications, utilities, and public infrastructure.
The full M3 site spans a massive 100,000 sqm and will target 150MW of critical capacity at full fitout.
Read: https://w.media/nextdc-unveils-plans-to-construct-new-hyperscale-dc-in-melbourne/