In an update to the ASX, the company said its customer numbers stood at 1277 in December 2018, it was generating $2.7 million of monthly recurring revenue and was running 245 installed data centres.
The company said its North American region had upped its monthly recurring revenue from $550,000 in June 2018 to $1.0 million at the end of December 2018.
Megaport chief executive Vincent English said: “During the second quarter of fiscal year 2019, Megaport realised significant revenue gains, generating $8.32 million of revenue during the quarter, while also deepening strategic partnerships with key data centre operators and cloud providers.
"To support further adoption, and as part of our commitment to both our customers and our cloud partners, we have enabled several new cloud on-ramps in the quarter – providing greater options to our customers and extending the reach of cloud services.
"Today, Megaport connects to more cloud on-ramps than any other interconnection fabric."
The company cited the following as its highlights of the quarter:
- Revenue for the period was $8.32 million, an increase of 21% from the last quarter.
- Total monthly recurring revenue for December 2018 was $2.72 million, an increase of $331,000, 14% QoQ.
- Total installed data centres was 245 at the end of the quarter, an increase of 11 across three regions, or 5% QoQ.
- Customers increased by 10% QoQ to a total of 1277.
- Total ports increased in the quarter to 3344, 11% QoQ.
- Total services increased in the quarter to 8735, or 14% QoQ, of which VXCs increased in the quarter to 4488, or 19% QoQ.
- Average revenue per port in December 2018 increased to $812 or 3% QoQ.
- At the end of December 2018, the company’s cash position was $38.1 million (including bank term deposits).