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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