Macquarie Telecom (ASX:MAQ) share price on watch with more growth in HY21
Tristan Harrison | February 24, 2021 6:40pm |
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Macquarie Telecom Group Ltd.(ASX: MAQ) share price will be on watch tomorrow after the telecommunications business released its FY21 half-year result.
This is a diversified technology business. It generates earnings from data centres, cloud, cybersecurity and telecommunications. The clients are mid to large business and government customers.
How did Macquarie Telecom do in the FY21 half-year result?
Looking at the top line, revenue increased by 9% to $143.6 million.
All business units grew revenue. Macquarie Telecom said that it achieved particularly strong growth in cloud services and government. It also revealed that the data centres business has sold 10MW of IT load to a leading corporation. The company boasted that hosting revenue has grown revenue at a compound annual growth rate of 22.3% over the last three years.
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23 December 2020 17:21
Expansion of Debt Facility to $190M to Support Data Centre Expansion
Macquarie Telecom Group Limited (ASX: MAQ) (“the Company”) is pleased to announce that it has amended its existing Syndicated Facility Agreement with Australia and New Zealand Banking Group and Royal Bank of Canada to provide an additional $50M of debt capacity.