Hosting up, voice down for Macquarie Telecom

By

Higher margin business and acquisitions planned.

Macquarie Telecom has reported a 67.5 percent increase in its net profit after tax (NPAT) in the second half of 2009, despite a 6.8 percent revenue drop from the previous corresponding period.

Hosting up, voice down for Macquarie Telecom

The ASX-listed telco and hosting company (MAQ) recorded an NPAT of $4.8m and revenue of $119.4m, and boasted a positive outlook for the current financial year (FY2010).

Hosting revenue was up 27.4 percent to $20.5m, representing 37 percent of business profitability.

Meanwhile, revenue from its telecommunications business fell 7.8 percent to $98.8m, due to price competition and fixed-to-mobile substitution, Macquarie reported.

Looking forward, the company planned to continue investing in its hosting business and explore acquisition opportunities. It held $50.3m in cash and cash equivalents.

It also expected to report capital expenditure of between $15m and $17m in FY2010, which it said would be higher than the previous year due to investment in a new contact centre in Sydney.

Future growth would be driven by good customer service and the company's continued transition to a higher margin business, investors heard.

Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

ANZ Institutional readies go-live for "multi-agent chatbot" amie

ANZ Institutional readies go-live for "multi-agent chatbot" amie

Westpac pilots AI to analyse inbound call content

Westpac pilots AI to analyse inbound call content

Westpac hires CBA's data chief to lead AI, data and digital

Westpac hires CBA's data chief to lead AI, data and digital

ANZ explores agentic AI opportunities

ANZ explores agentic AI opportunities

Log In

  |  Forgot your password?