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Company News Summary

Megaport Provides a Global Market Update

17 Apr 2019  |  09:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Global Update

Megaport reported quarterly Key Performance Indicators to 31 March 2019 and provided a global market update. In 3Q FY 2019, the Company continued to expand its Network footprint to new markets while deepening its reach within existing metros. In March 2019, the Company achieved 1,367 customers, generated $3.1m of Monthly Recurring Revenue (MRR), and reached a total of 465 Enabled Data Centres. On 14 March 2019, the Company announced the successful completion of a $50m fully underwritten share placement to institutional, experienced, sophisticated, and professional investors.

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