Story image

APAC the driving force behind Megaport's FY16 revenue

25 Aug 2016

Megaport’s revenue is up 80% from the beginning of the financial year, with the majority of revenue being generated in the Asia-Pacific units.

The company’s CEO Denver Maddux couldn’t be happier about the yearly earnings results that have just been released.

“We are extremely pleased with the results of our Australian and New Zealand business units, where we have the longest operational history. We have seen tremendous uptake in the number of ports and services,” he says.

“Not only does this mean we are increasing the number of customers participating in our ecosystem, but it also indicates a strong adoption of customers accessing of services across our platform. This takes the form of IaaS, PaaS, IP, Transport, Voice, and Managed Services, among others,” explains Maddux.

He adds that with the acceleration of the company’s European deployment through the acquisition of OM-NIX and ECIX, they’ve effectively leapfrogged their original deployment plan.

“This enables us to hit the market hard and fast with a unique service footprint. With the addition of Mark Cooper as EVP of Europe, along with the ECIX leadership team, I am confident in our ability to capture the growing cloud connectivity market throughout Europe,” says Maddux.

In regards to APAC expansion, Megaport has expanded into six new locations and increased its footprint in underserved cloud connectivity markets like Auckland and Perth.

The company’s expansion into North America has also been completed.

“North America required an aggressive, organic buildout to reach key service markets and provide the right service coverage. Since the region began generating revenue in May, we have seen a marked increase in the number ports ordered,” continues Maddux.

“The demand for cloud connectivity services by data centre operators drove us to expand to Portland and Las Vegas, which are in addition to our original planned footprint.”

Moving forward, the company looks to complete network development through organic means and acquisitions, accelerate revenue growth in all markets, and continue its ecosystem expansion.

“Megaport is well positioned in terms of talent, footprint, ecosystem, and partnerships. We have one of the most pervasive elastic interconnection platforms around the globe,” says Maddux.

“The recent funding enables us to take advantage of the significant opportunities ahead for Megaport. I could not be more thrilled by our team’s performance in fiscal year 2016. We are very excited to execute on our plan and bring elastic interconnection services to even more places around the globe.”

Seven Aussie projects shortlisted in IDC's Smart Cities Awards
The nominated projects include three from Newcastle alone and span smart water metering, solar farms, virtualization and transport.
Y Soft and Brother partner to enhance print management
YSoft SafeQ integrated print management and document capture solution is now embedded in Brother multifunction devices.
F5 acquisition of NGINX now complete
The companies have released blogs on the topic, explaining how NGINX will now operate as a unit of F5, and the benefits they expect this merger to bring.
IXUP goes "post-quantum" with security tech upgrade
The secure analytics company has also partnered with Deloitte as a reseller, and launched a SaaS offering on Microsoft Azure.
Infoblox appoints channels head for A/NZ
Kenneth Cartwright’s appointment extends Infoblox’s position in secure cloud-managed network services throughout the region.
Adobe & Amazon: Making merchants' stores a lot more powerful
Magento Commerce branded stores for Amazon sellers features native integration with Amazon merchant tools including Amazon Pay and Fulfillment by Amazon. These provide the convenience of secure payments and speedy shipping services for buyers.
Edge computing market to provide ‘lucrative opportunities’
The market is set to skyrocket in the coming years, paving the way for emerging market players.
CIOs in A/NZ are slowly making digital business progress
“A/NZ CIOs have the chance to step up to become more influential business leaders, but most are not seizing that opportunity to drive change.”