by Hamish Barwick

Macquarie Telecom reports upgraded earnings guidance of $40.6 million

Jul 31, 20122 mins
Data CenterManaged IT Services

Macquarie Telecom (ASX: MAQ) has reported an upgraded earnings guidance for the full year ended 30 June 2012 of $40.6 million, an increase of 9 per cent on the previous corresponding period.

According to an ASX announcement, the expected result exceeds the previous earnings before interest, tax, depreciation and amortisation (EBITDA) guidance of between $36 million and $38 million.

Macquarie Telecom also reported cash and cash equivalents of $30.8 million and no debt as of 30 June 2012.

The company will release its ASX results for the year ended 30 June on 23 August this year.

In February 2012, the company reported net profits after tax of $11.1 million for the six months ended 31 December 2011, a 13.8 per cent hike on the previous corresponding period.

Macquarie Telecom’s reported EBITDA rose 4 per cent to $21.1 million, up from $20.3 million on the previous corresponding period.

In addition, Macquarie Telecom announced the commissioning of its second Sydney data centre, Intellicentre 2 (IC2), in Macquarie Park.

The $60 million facility, built over a 20,000 square metre site, has a reported power usage effectiveness (PUE) rating of 1.3, which, according to the company, is nearly twice as energy efficient as the global average for data centres.

According to Macquarie Telecom’s chief executive, David Tudehope, the company’s anchor tenant, News Limited, is in the process of moving into the data centre and there is “strong interest from potential new customers.”

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