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NEXTDC is expecting revenue growth of at least 20.5 per cent for 2021, as momentum builds in the business thanks to the ongoing acceleration of enterprises' digital transformation agendas.Revenue increased by 14 per cent to $205.2 million for the year to June 30, coming in at the upper end of its guidance. Earnings before interest, tax, depreciation and amortisation grew of 31 per cent to $103.6 million.Data centres in Sydney, Melbourne, Perth, Brisbane and Canberra, the business added 17.4 megawatts (MW) in contracted utilisation - up 33 per cent to 70MW - with new sales of 17.8MW before adjusting for a one-off clawback of wholesale capacity of 0.4MW.NEXTDC builds hybrid data centres, which cater to both the retail and wholesale customers. Retail data centre deployments are usually smaller contracts, which rely on the data centre providing additional services like connectivity to cloud providers and on-site staff. Wholesale contracts are those where businesses with large footprints, like banks, rent the space and power but provide their own services.The business is currently building its third locations in Sydney and Melbourne and has earmarked $380 million to $400 million of capital expenditure in 2021.Its major new contract commitments were all centred on its M2 facility, thanks to "hyperscale" activity starting to emerge for the location. Hyperscale contracts, or "hyperscalers", are a form of wholesale contract. At the moment there are three main hyperscalers – Amazon Web Services, the Google Cloud Platform and Microsoft's Azure.During the 2020 financial year the company's net loss expanded from $9.8 million in 2019 to $45.2 million.It brought onboard 180 more customers, taking its total number to 1,364.For 2021, the business forecast revenue from its data centres to be in the range of $242 million to $250 million and underlying EBITDA of $125 million to $130 million, compared to $104.6 million in 2020
NEXTDC is expecting revenue growth of at least 20.5 per cent for 2021, as momentum builds in the business thanks to the ongoing acceleration of enterprises' digital transformation agendas.
Revenue increased by 14 per cent to $205.2 million for the year to June 30, coming in at the upper end of its guidance. Earnings before interest, tax, depreciation and amortisation grew of 31 per cent to $103.6 million.
Data centres in Sydney, Melbourne, Perth, Brisbane and Canberra, the business added 17.4 megawatts (MW) in contracted utilisation - up 33 per cent to 70MW - with new sales of 17.8MW before adjusting for a one-off clawback of wholesale capacity of 0.4MW.
NEXTDC builds hybrid data centres, which cater to both the retail and wholesale customers. Retail data centre deployments are usually smaller contracts, which rely on the data centre providing additional services like connectivity to cloud providers and on-site staff. Wholesale contracts are those where businesses with large footprints, like banks, rent the space and power but provide their own services.
The business is currently building its third locations in Sydney and Melbourne and has earmarked $380 million to $400 million of capital expenditure in 2021.
Its major new contract commitments were all centred on its M2 facility, thanks to "hyperscale" activity starting to emerge for the location. Hyperscale contracts, or "hyperscalers", are a form of wholesale contract. At the moment there are three main hyperscalers – Amazon Web Services, the Google Cloud Platform and Microsoft's Azure.
During the 2020 financial year the company's net loss expanded from $9.8 million in 2019 to $45.2 million.
It brought onboard 180 more customers, taking its total number to 1,364.
For 2021, the business forecast revenue from its data centres to be in the range of $242 million to $250 million and underlying EBITDA of $125 million to $130 million, compared to $104.6 million in 2020
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