Source: NEXTDC
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Australian data centre operator NEXTDC (NXT) is in line with expectations for the 2021 financial year
  • The company grew its revenue 23 per cent to $246.1 million, with operating cash flow up 148 per cent to $133.3 million
  • At the end of the period, NEXTDC had cash and undrawn debt facilities of $1.7 billion
  • NEXTDC is trading 4.86 per cent down at $12.83 per share at 11:50 am AEST

NEXTDC (NXT) has reported its financial results for the 2021 financial year.

The data centre operator grew its revenue 23 per cent to $246.1 million, which was in the upgraded guidance of between $246 million to $251 million.

Underlying earnings before interest, taxes, depreciation and amortisation was $134 million, up 29 per cent.

Operating cash flow was reported at $133.2 million, up 148 per cent, with cash expenditure down 18 per cent to $301 million.

At the end of the period, NEXTDC had cash and undrawn debt facilities of $1.7 billion.

CEO and Managing Director Craig Scroggie is happy with the results of the financial year.

“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 first half results in February,” Mr 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.”

For FY22 the company is expecting to record a revenue of between $285 million to $295 million.

NEXTDC was trading 4.86 per cent down at $12.83 per share at 11:50 am AEST.

NXT by the numbers
More From The Market Herald
Fortescue Metals Group (ASX:FMG) - Departing CEO, Elizabeth Gaines

" Fortescue Metals (ASX:FMG) records highest number of half-year shipments

Fortescue Metals (ASX:FMG) records its highest number of shipments for a half year at 93.1 million…
Zip CO (ASX:Z1P) - CEO, Larry Diamond

" Zip Co (ASX:Z1P) confirms potential acquisition of Sezzle (ASX:SZL)

Buy now, pay later company Zip Co (ASX:Z1P) confirms it is looking to buy Sezzle (SZL),…

" Fortescue (ASX:FMG) to buy Williams Advanced Engineering for $310m

Fortescue Metals Group (ASX:FMG) plans to acquire technology and engineering services firm Williams Advanced Engineering (WAE)…

" Northern Star Resources (ASX:NST) spikes on December quarter gold sales

Shares in gold mining big-cap Northern Star Resources (ASX:NST) have risen in early action following the…