Google profit

NextDC’s profit rebounds to $9.1 million in black

Craig Scroggie (Next DC)

Credit: NextDC

Statutory net income fell from a loss of $23.6 million the previous year to $9.1 million in the black for NextDC at the end of fiscal 2022.

Data center revenue jumped 18% to $291 million, while profit before tax (EBITDA) rose 15% to $153 million, with cash standing at $1.9 billion dollars as of June 30.

“In FY22, NextDC continued to grow its ecosystem of connection-rich customers and remains ideally positioned to take advantage of industry tailwinds driven by the growth of cloud computing and accelerated digitalization,” said said Craig Scroggie, CEO and Managing Director of NextDC.

“In a high-inflation, supply-constrained economic environment, the continued performance of NextDC’s national data center portfolio reinforces the highly resilient nature of the company’s digital infrastructure assets.”

The data center operator’s total number of customers rose 7% to 1,613 from 1,507 a year ago, with cross-connects up from 1,895 to 16,613. That was 7.7% recurring revenue.

For the coming year, NextDC expects data center services revenue of $340-355 million, underlying EBITDA of $190-198 million and capital expenditures between 380 and 420 million dollars.

“We continue to see digital transformation drive outperformance across our partner and channel businesses as they support the business in its transition to hybrid and multi-cloud,” Scroggie added.

In FY22, NextDC launched the availability of Queensland’s first local cloud access location through Google Cloud and expanded the connection to Melbourne; spent $124 million on the Western Sydney data center site; has obtained the DTA hosting certification; revealed plans to build new data centers in Darwin; bought 20% stake in AUCloud and launched a sovereign bridge; as well as plans to build a $100 million Adelaide data center and a new site on the Sunshine Coast.

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