NEXTDC Ltd Ongoing boom in the business
Ongoing boom in the business:NEXTDC Ltd (ASX: NXT) reported 39% rise in revenues to $58.7 million while EBITDA grew a massive 110% to $23.9 million for H1 FY17. Revenue per square meter increased 4.3% since the end of FY 2016 to $8,837. NXT reported a rise in operating cash flow to $25.4 million. The contracted utilization was up 32% to 30 MW at December 2016 while interconnections were up 42% to 5,472. The company reported a 23% rise in customers to 699. Operating cash flow was up $19.5 million to $25.4 million while the company has invested $75.7 million in H1FY17. The company said its B2 and M2 projects are on track to achieve practical completion towards the end of H2FY17. For the full year, the management reiterated its guidance for revenue between $115 million – $ 122 million, with EBITDA in the range of $46 million to $ 50 million.
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