Megaport Ltd (OTCPK:MGPPF)

$ 7.45 0 (0%) Market Cap: 990.60 Mil Enterprise Value: 924.15 Mil PE Ratio: 149.00 PB Ratio: 9.25 GF Score: 79/100

Half Year 2021 Megaport Ltd Earnings Call Transcript

Feb 10, 2021 / 12:01AM GMT

Release Date Price: $11.15 (+8.25%)

Transcript

Vincent English

Megaport Limited - CEO & Director

Good morning, everybody, and welcome to Megaport's half year results and market update presentation today, the 10th of February 2021. I'd like to begin by taking you through some of the company highlights.

Overall, as reported in our last quarterly up to date recently, monthly recurring revenue was up 11% at $6.63 million (sic) [$6.3 million], the period ending in 31st of December. Overall, our annualized revenues are also up 11% at $75 million, and the total number of customers increased by 201 in the 6 months to 2,043, also up 11%.

In terms of the number of ports in the network, increased by 16%, up 924 to 661 (sic) [6,691] in the 6-month period. And also the number of services in the period increased by 15% of 2,566 to 19,278. And the total number of data centers -- installed data centers increased by 20, up 5%. And as you recall, the majority of these data center installs came from the back end of our last financial year and into July, and we're going to continue to refocus on the build phase in the second half of this financial

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