Megaport Highlights KPI To 31 March And Provides Global Market Update

  • Apr 06, 2020 AEST
  • Team Kalkine

Megaport Limited (ASX:MP1) highlighted its quarterly Key Performance Indicators (KPI)  to 31 March 2020 and provided global market update.

In 3Q FY2020, the company executed expansion plans and accelerated growth trajectory and delivered a solid 3Q FY2020 performance supported by strong product acceptance.

The monthly recurring revenue increased by 19%. The recurring revenue from the ports increased by 11%, Virtual Cross Connects by 14%, and Megaport Cloud Router by 18%.

In March 2020, MP1 achieved 1,777 customers which generated monthly recurring revenue of $5.5 million and reached a total 601 Enabled Data Centres. 

 

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