Megaport states that APAC has taken a decisive step as overall business and net loss increase

Megaport finally has a geography that, according to its own reporting standards, allows to record overall positive numbers, the company claiming that its activities in Asia-Pacific generate a positive profit before interest, taxes, depreciation and amortization (EBITDA).

For the six months ended December 31, the Interconnect Provider reported revenues of $ A5.9 million compared to A $ 3.7 million a year ago in APAC and a net profit of 0 $ A 4 million against a loss of A $ 1 million the previous year.

In North America, sales increased from A $ 2.3 million to A $ 5.4 million, while net loss amounted to A $ 5.5 million, an increase of A $ 0.9 million compared to the first half of 2017.

On the other side of the Atlantic, Megaport has announced a revenue increase of nearly A $ 1 million to A $ 3.77 million at December 31, while the net loss has increased by A $ 0.5 million to A $ 2.4 million.

The other category of Megaport, which has no income, saw its net loss climb from A $ 5.7 million last year to A $ 9 million for the half year.

In total, Megaport announced a 72% jump in its half-year revenue to AU 15.2 million, of which AU 2.7 million came from monthly recurring revenue, while EBITDA went from 11 AU $ 2 million to AU $ 12.9 million and the net loss to AU $ 16.6 million.

As of December 30, the company had recorded losses of A $ 92.3 million and issued A $ 168 million in capital.

Megaport said its results were solid because it had made significant sales investments and expanded its footprint, which was "early" to have a positive impact on revenue.

The company said it is now installed in 245 datacenters, has 115 onramps in the cloud and has 1,277 customers, providing 8,735 services on 3,344 ports.

Along with the announcement of the results on Tuesday, the company announced that Equinix co-founder and former Digg CEO Jay Adelson would join his board of directors.

"Jay is a proven industry expert in corners and streets, and his appointment highlights our global focus as a company," said Chairman Bevan Slattery.

"His pbadion for entrepreneurship and technology, as well as his experience in creating ever-changing platforms, will bring tremendous benefits to the entire Megaport team, as we continue to lead the company." Innovation in the field of cloud interconnection. "

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