NEXTDC heads out of the red and into the black
The milestone as announced as part of the company's financial results for the half-year ended 31 December 2014 (1H15) which also saw similar growth in operating cash flow.
Financial highlights for the half included:
Commenting on the results, NEXTDC CEO, Craig Scroggie said: "The half-year ended December 2014 represents a pivotal period with NEXTDC generating its first positive EBITDA as well as operating cash flows. We are starting to see the benefits of the inherent leverage of the company'’s scalable infrastructure start to flow through to earnings and operating cash flows.”"
First half sales and operational milestones were:
Scroggie said in a statement, "We are very proud of the achievements in the first half and equally excited by the attractive growth opportunities that are inherent in the company’s scalable infrastructure. We expect to build on the first half results and deliver continued solid revenue growth, positive EBITDA and operating cash flows in the second half.”"
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