NEXTDC posts a major turnaround with $9.1m profit

Data centre company NEXTDC has produced a $32 million turnaround by posting a $9.1 net profit for the year.

Aug 29, 2022, updated Aug 29, 2022
NEXTDC chief executive Craig Scroggie (photo: ARN)

NEXTDC chief executive Craig Scroggie (photo: ARN)

Data centre revenue was up 18 per cent to $291 million and managing director Craig Scroggie said the company was pleased with a record result.

Its underlying EBITDA was ahead of its upgraded guidance and Scroggie claimed the company was ideally positioned to capture the benefits of industry tailwinds driven by the growth of cloud computing and digitization.

“In a high inflation and supply constrained economic environment the continued performance of NEXTDC’s leading national portfolio of premium data centres reinforces the highly resilient nature of the company’s digital infrastructure assets,” he said.

He said guidance for 2023 was for data centre revenue of between $340 million and $355 million and underlying EBITDA of between $190 million and $198 million.


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