The company pulled in revenue of $143.6 million for the six months - an increase of 9% on 1H FY20 of $131.9 million.

“Our strategy of investing in Data Centres, Cloud and Cyber Security continues to drive further shareholder value and ongoing returns and has resulted in thirteen halves of profitable growth,” said Macquarie Telecom Chairman Peter James.

“Macquarie’s focus on customer experience was recognised by the “Best customer experience in the World” award by 60 international judges. Macquarie is the first Australian company to win this award in 22 years of the World Communications Awards in London”.

Along with its revenue peformance Macquarie lists other key metrics for the half year as:

• Net profit after tax of $7.0 million, an increase of 5% on 1H FY20 ($6.7 million).
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) of $36.4 million, an increase of 15% on 1H FY20 ($31.6 million).
• Conversion of EBITDA to operating cash flows generated total operating cash flows of $13.6 million during the half-year.
• Capital expenditure for 1H FY21 was $32.9 million (1H FY20: $23.1 million) excluding Intellicentre 3 East.
• Customer Growth Capex was $13.9 million, 20% more than 1H FY20 $11.6 million, reflective of our continued data centre sales success and product mix.
• The company has drawn down $93.5 million to support data centre developments in Intellicentre 3 East and Intellicentre 5 South Bunker.

On its outlook, Macquarie says FY21 EBITDA is expected to be approximately $72 to $75 million and notes that Telecom continues to win customers from legacy data and IP carriers with its nbn and SD WAN solution, and:

• FY21 Total Capex is expected to be between $57 - 66m, excluding IC3, consisting of:
• Customer Growth - $25 to $28 million.
• Growth Capex - $17 to $20 million.
• Maintenance Capex - $15 to $18 million.

• IC3 Expenditure - $123 to $126 million.
• FY21 Depreciation is expected to be between $50 and $53 million.

“Macquarie’s 20-year strategy of investing in world-class data centres is based on strong demand for data centre capacity as customers migrate to cloud and colocation services,” said Chief Executive David Tudehope.

“The win, of the 10MW of IT Load sold to a Leading Corporation, recognises the world class investment we have made in the Macquarie Park Data Centres Campus in Sydney’s North Zone.”