NextDC Limited (ASX: NXT)

“NEXTDC Limited is an Australian technology company primarily focused on the development and operation of independent data centers across the country. The company facilitates various business operations through its customer-oriented data center services and network solutions. Established as an independent data center operator, NEXTDC boasts a network of Tier III and Tier IV facilities designed to serve the Australian market effectively. Their service offerings include colocation services catered to both local and international organizations.

The company is dedicated to sustainability, actively incorporating renewable energy sources, and has achieved the NABERS 5-star certification for demonstrating excellence in this area. NEXTDC is also home to a dynamic partner ecosystem composed of less than 750 participants, ranging from cloud providers to network and IT service providers. This robust community promotes seamless connectivity among customers, enabling them to set up sophisticated hybrid cloud systems, scale their IT services, and develop intricate IT infrastructure.

Financially, NEXTDC reported a trailing twelve-month revenue of 438.38 million Australian dollars. However, the company experienced a net loss of 45.34 million Australian dollars. The company was incorporated in 2010 and currently employs 271 individuals. Despite recording an increase in revenue by 27.51% from the previous year, moving from 292.80 million to 373.34 million Australian dollars, NEXTDC witnessed a decline in net income, flipping from a profit of 9.14 million to a loss of 25.64 million Australian dollars. This drop in net income, even amidst rising revenues, was partly due to the cost of goods sold rising from 20.63% to 28.15% of sales.

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The company also reported the completion of the S6 Sydney Data Centre acquisition on March 12, 2024, which had a transaction value of 121.70 million Australian dollars.”