DataCenterNews Asia Pacific logo
Specialist data center news for Asia Pacific
Story image

Profits down but revenue & CAPEX up as NEXTDC eyes the future

FYI, this story is more than a year old

It's been a year to remember for NEXTDC as the data center operator continues its march onwards and upwards.

The company today revealed its financial results for the full year ended 30 June 2018 (FY18).

While the company's profits have dropped from FY17, revenue and capital expenditure have both significantly risen – signalling the company's intentions for expansion.

The main figures from these results include:

  • Revenue of $161.5 million vs guidance range of $152-158 million (FY17: $123.6 million)
  • Underlying earnings before interest, taxes, depreciation, and amotisation of $62.6 million vs guidance range of $58-62 million (FY17: $49.0 million)
  • Capital expenditure of $285 million vs underlying guidance range of $307-327 million (FY17: $159 million)
  • Statutory net profit after tax of $6.6 million (FY17: $23.0 million)
  • Operating cash flow of $33.4 million (FY17: $44.9 million)
  • Cash and term deposits of $418 million at 30 June 2018

“We're very pleased to report today's results, with the Company achieving FY18 revenue and EBITDA above the top end of its upgraded guidance range,” says NEXTDC chief executive officer Craig Scroggie.

“These results demonstrate NEXTDC's continued strong growth and when combined with pro forma liquidity of more than $1 billion, the Company is extremely well placed to continue taking advantage of exciting growth opportunities.

In terms of the business performance, the company is certainly in good stead with contracted utilisation up 28 percent to 40.2MW, number of customers up 26 percent to 972, interconnection (cross connects) up 37 percent to 8,671, and its partner ecosystem now exceeding 470 technology partners.

“We continue to experience strong demand for NEXTDC's premium data center services, with the Company experiencing not only strong growth in contracted utilisation, but also adding a record number of more than 2,300 interconnections during FY18,” says Scroggie.

“Furthermore, with NEXTDC currently in advanced negotiations in relation to further large customer opportunities, we expect to carry this strong momentum into FY19.

The company has certainly been busy over the last 12 months, with some of the highlights including:

  • New data centers in Brisbane (B2) and Melbourne (M2) opened for customer access
  • Construction underway for an additional facility in Sydney due to open in 1H19 with an initial capacity of 6MW and an accelerated development of an additional 8MW
  • Third data hall opened in the company's Perth data center with development underway on the fourth
  • Three new sites announced in Sydney, Melbourne, and Perth
  • Expanded cloud offerings via Oracle Fast Connect and Google Cloud Platform with the NEXTDC AXON network

NEXTDC also announced a number of industry standard achievements, including its B2 and M2 facilities being the first colocation data centers in Asia Pacific to attain the Uptime Institute Tier IV Certification of Constructed Facility (TCCF).

“I am incredibly proud of the outstanding milestones achieved by our team in FY18 and NEXTDC continues to raise the bar for the industry,” says Scroggie.

“The past twelve months has seen the Company deliver Australia's first UTI certified Tier IV constructed facilities, deliver the industry's most efficient NABERS 5-star designed data centers that certify record low PUEs as well as demonstrate operational excellence via UTI Tier III Gold Certification of Operational Sustainability across P1 and S1 and now delivering another benchmark first with UTI Tier IV Gold Certification of Operational Sustainability for B2.

Related stories
Top stories
Story image
Digital Transformation
Equinix invests in Indonesia with a $74m data centre
The centre will be strategically located near the largest internet exchanges to meet the country’s growing digital needs.
Story image
Cloud
Microsoft and Auckland Transport announce Azure Cloud agreement
Microsoft and Auckland Transport (AT) have announced an agreement that looks to boost agility and innovation while also reducing costs and improving sustainability in transport services.
Story image
Cloud infrastructure
Who is HashiCorp, and why your cloud journey will be impacted
We investigate the fast-growing San Francisco vendor that is transforming how enterprises approach cloud infrastructure.
Story image
Cloud
HashiCorp research shows organisations benefit from multi-cloud strategies
The survey highlighted the need for organisations to centralise and automate cloud efforts via platform teams in order to increase operational efficiency.
Story image
5G
Mavenir integrates cloud-native 5G offerings with Google Cloud infrastructure
Mavenir has integrated its cloud-native 5G products with public cloud infrastructure on Google Cloud, expanding the company’s ‘One Network, Any Cloud All Software’ strategy.
Story image
Data analytics
COVID-19 relief innovation takes 2022 SAS Hackathon crown
In COVID-19’s wake, more than 287,000 MSMEs joined JakPreneur, a collaborative government platform that links entrepreneurs and stakeholders
Story image
Data Centre Cooling
The world is heating up, but data centres should keep their cool
With the world heating up, the challenge of keeping data centres cool becomes more complex, expensive and power intensive.
Story image
Sustainable IT
Equinix partners NUS to use hydrogen tech in data centres
The partners will develop hydrogen fuel technologies for green data centres in tropical climates, and for use in Equinix’s global network.
Story image
Update
InterSystems releases updates to its IRIS data platform
Provider of next-generation solutions InterSystems has announced a series of new releases to its award-winning InterSystems IRIS data platform.
Story image
Sustainable IT
New report calls for tighter guidelines on data centre sustainability
A new Cushman & Wakefield report is calling for water consumption and carbon emissions to be measured in addition to power usage.
Story image
Network Infrastructure
Vertiv launches solutions to better manage edge computing
Vertiv has introduced new power and cooling solutions for the edge of the network, including the addition of lithium-ion models to a leading on-line UPS family.
Story image
Software-as-a-Service
Cloudera launches all-in-one data lakehouse cloud service
CDP One makes it faster, easier and less risky for businesses to move to the cloud and migrate existing workloads to a modern data architecture.
Story image
Data analytics
Srisawan Hospital to enhance patient experience with InterSystems TrakCare
The new Srisawan Hospital in Bangkok has chosen InterSystems TrakCare to help create enhanced patient experiences and promote further digital engagement.
Story image
IT Automation
Juniper Networks announces expansion of Apstra Software with Apstra Freeform
The newly announced Apstra Freeform technology will give customers the ability to manage and automate operations for data centers regardless of the architecture.
Story image
5G
Worldwide 5G mobile data traffic exploding - report
"With 5G, there is a wider range of deployment scenarios, forcing vendors to provide comprehensive solutions to support every need."
Story image
Microsoft
VMware extends collaboration with Microsoft for enterprise workloads in Azure
Mutual customers will have the choice to purchase Azure VMware Solution through the VMware Cloud Universal program.
AWS Marketplace
Whitepaper: A practical guide for mitigating risk in today’s modern applications
Link image
Story image
Data Protection
Cloudflare brings Data Localisation Suite to more APAC businesses
This allows any business in these countries to service their data locally while benefiting from the speed, security, and scalability of Cloudflare’s global network.
Story image
Data center
Australia’s data centre pioneer still leading after 22 years
We look at the fascinating success of Macquarie data centre's over its 22 year life span and how they continue to innovate in a highly contested sector.
Story image
IT infrastructure
Bentley Systems announces finalists for the 2022 Going Digital Awards in Infrastructure
The company says that this annual awards program honours the work of Bentley software users who are advancing infrastructure design, construction, and operations throughout the world.
Story image
Digital Transformation
NTT launches its Cyberjaya 6 data center in Malaysia
NTT expands its hyperscaler footprint in Malaysia with its sixth data center facility, supporting the growing digital economy.
Aws Marketplace
Learn how to implement a backup and recovery plan for a new generation of Kubernetes-based modern applications
Link image
Story image
Optical Networking
NEC predicts AON as a next-generation infrastructure
NEC's open optical transmission devices support multi-vendor configurations, allowing customers to procure and combine equipment from multiple vendors.
Story image
Data Centre Maintenance / Management
Schneider Electric backs new Leading Edge data centre in Australia
As a result of the new project, regional Australian businesses and communities will likely have greater access to distributed cloud networks.
Story image
Melbourne
Equinix invests $23m to expand ME2 data centre in Melbourne
Equinix has completed the second phase expansion of its ME2 International Business Exchange data centre, located in Port Melbourne.
Story image
Digital Transformation
Nanyang Technological University Singapore builds digital brand presence
Leveraging the customisation features of Sitefinity DX, non-technical users could upload content and create design pages and boost work productivity. 
Story image
Data Protection
iseek secures Queensland Government data centre contract
iseek secures the Queensland Government's core network data centre as-a-service contract after a competitive procurement process undertaken by the CITEC.
Story image
Edge Computing
NTT launches Edge-as-a-Service to accelerate automation
"Minimum latency, maximum processing power, and global coverage are exactly what enterprises need to accelerate their digital transformation journeys.”
Story image
Software Defined Wide Area Network
Axiata, Versa Networks partner for enterprise SASE in Asia
Axiata has partnered with Versa Networks to deliver Secure Access Service Edge (SASE) technology to rapidly digitalising Asian enterprises.
Story image
Hyperscale
Growth in hyperscale data centres to increase shortage of IT workers
New Zealand's tech worker capacity is set to come under increasing pressure as the number of hyperscale data centres grows.
Story image
Sustainable IT
Empyrion DC announces 40MW green data center in South Korea
Empyrion DC has announced it is developing a 40MW green data center in Gangnam, Seoul, South Korea (GDC).
Story image
Superloop
Stellar financial result after major strategic moves by Superloop
We get a glimpse under the hood at the financial results from 2022 for the connectivity giant Superloop.
Story image
Machine learning
Oracle announces MySQL HeatWave for Amazon Web Services
MySQL HeatWave is a service that combines OLTP, analytics, machine learning, and machine learning-based automation. 
Story image
Artificial Intelligence
ASUS Servers announce AI developments at NVIDIA GTC
The Taiwanese multinational now offers NVIDIA-certified servers with H100 Tensor Core GPU and AI enterprise software suite.
Story image
Digital Transformation
NEXTDC opens $1b+ next gen sovereign data centre in Sydney
Australian data centre as a service provider has officially opened S3, its largest Sydney development to date. 
Story image
Gartner
SnapLogic named Visionary in two Magic Quadrant categories
SnapLogic has announced that it is the only iPaaS (Integrated Platform as a Service) vendor to be named a Visionary in two Magic Quadrant categories.
Story image
Software-as-a-Service
Honeywell launches Data Center Suite for business outcomes
Honeywell has launched its Data Center Suite, a portfolio of outcome-based software offerings to help data centre managers and owners.
Story image
Startup
Zetaris is changing the way we think about data virtualisation
Zetaris was launched on the Microsoft Marketplace and Ingram Micro Cloud Marketplace in Australia in 2020 and has since expanded into nine global markets.
Story image
Cloud
SoftIron announces its newest flagship offering, HyperCloud
SoftIron has announced HyperCloud, the world's first full turnkey, completely integrated and supported Intelligent Cloud Fabric and the company's newest flagship offering.
Story image
Multi-cloud
VMware advances multi-cloud management with VMware Aria
Managing apps and infrastructure in a multi-cloud, especially public cloud, and multi-technology environment is complex.
Story image
No-code
Eradicating ‘App Fatigue’ and retention problems through implementing no-code ITSM
Almost always, simplicity is best. Intuitive designs and practical workflows are the keys to preventing fatigue.
Story image
Storage
Seagate announces next gen advanced storage arrays
The new Exos X systems feature up to twice the performance of the previous generation and enhanced enterprise-class durability, the company states.