Macquarie Technology Marks Decade of Growth

Macquarie Telecom Group Limited (AU:MAQ) has released an update.

Macquarie Technology Group Ltd has reported its 10th year of profitable EBITDA growth, with a notable 13.9% increase over the past three years and strong operating cash flow conversion. The company further strengthened its digital infrastructure strategy with the strategic acquisition of Macquarie Park Data Centre Campus, coupled with a successful $100 million equity raise to fund growth. Looking forward, Macquarie Technology anticipates continued EBITDA growth and investments to meet rising demand for cloud and cyber security services.

For further insights into AU:MAQ stock, check out TipRanks’ Stock Analysis page.