An announcement from Nextdc Limited ( (AU:NXT) ) is now available.
NEXTDC Limited announced record financial results for the first half of the fiscal year 2025, with an increase in net revenue and underlying EBITDA, despite a slight decrease in total revenue. The company has made significant capital investments, including land acquisition for a new data center in Sydney, and expanded capacity across various sites in Australia. It is progressing international expansion projects, and reaffirmed its financial guidance for FY25. Additionally, NEXTDC has introduced a Growth Incentive Plan for senior management to drive strategic growth and enhance shareholder value amidst increasing global investments in the data center sector.
More about Nextdc Limited
NEXTDC Limited operates in the data center industry, providing colocation, connectivity, and cloud services. The company focuses on meeting the demands of hyperscalers, ICT partners, and enterprise and government customers, capitalizing on the growing adoption of technologies like generative AI.
YTD Price Performance: -1.40%
Average Trading Volume: 550
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.91B
See more data about NXT stock on TipRanks’ Stock Analysis page.