Jan 29, 2024 / 11:30PM GMT
Operator
Good morning, ladies and gentlemen. Welcome to the quarterly update for Megaport for the second quarter FY '24. Today, we have Michael Reid, CEO; and Tish Dorman the CFO, who will get us through the quarterly update. We'll have questions after the short presentation. (Operator Instructions)
Michael Reid - Megaport Ltd - Chief Executive Officer, Executive Director
Thank you, Steve, and welcome to the 2Q FY '24 investor presentation. And we've got some wonderful highlights to share. Revenue, $48.6 million, up 31% year-on-year. That's an $11.6 million up year-on-year. EBITDA, $15.1 million, up -- well, it's up 529%. It's up a lot, $12.7 million increase year-on-year. Total cash flow, $7.3 million, up $19.2 million year-on-year and just goes to show the significant turnaround in the business.
We've been talking about hiring direct sales roles in NAM, up 3.6x from where we were when I joined the role back in May, that's 18 roles, up 13. We continued the strong cash flow turnaround. You can see the dramatic turnaround of the business on the rise if we look
Q2 2024 Megaport Ltd Activities Report Call Transcript
Jan 30, 2024
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