NextDC's 'pivotal year'

ASX-listed data centre provider reports revenue growth

The 2014 financial year was "a pivotal year in NextDC's short history" which has reached a "critical inflection point" according to the data centre provider's CEO, Craig Scroggie.

In a statement issued with NextDC's full year results, Scroggie said that the company is "achieving significant growth across all key operational and financial metrics and moving closer to generating positive cash flows".

In the 12 months to June the company reported data centre services revenue of $30.4 million, up from $9 million for the 12 months prior. NextDC reported underlying EBITDA of $16.1 million, compared to $20 million for the 12 months ending 30 June 2013.

Earlier this year the company formally launched its P1 data centre in Perth. P1 is NextDC's fifth data centre. The company currently has no further data centres under construction.

"With the completion of S1 Sydney and P1 Perth in 2014, M1 Melbourne and C1 Canberra in 2013, and B1 Brisbane in 2012, NEXTDC has delivered a world-class portfolio of market leading carrier and vendor-neutral data centres in all key capital cities," Scroggie said.

The company is projecting data centre services revenue will be between $51 million and $55 million in FY15.

NextDC was last month appointed to the federal government's Data Centre Facilities Supplies Panel.