Macquarie Telecom has recorded a third successive year of profit growth, with the company declaring a net profit after tax of $14.2 million, a rise of 170% year-on-year, on full-year revenue of $219.7 million.
The company declared a final dividend of 25 cents per share fully franked, which took the full-year dividend to 50 cents.
The results, declared this morning, showed that the company has no debt and had cash of $31.8 million in hand on 30 June.
In the full year, Macquarie Telecom had capital expenditure of $38.5 million. The increase in capex growth was $16 million and this was expended on the Fortune 100 customers; Data Hall 4 fit out; Intellicentre 4 capacity; Telecom NOC insourcing project and SD WAN investment.
{loadposition sam08}Chief executive David Tudehope said “Sustained growth in profitability over the last three years has allowed Macquarie to consider opportunities to invest for future growth. We are well positioned to benefit from the megatrends of cloud and cyber security.”
In the year ahead, Macquarie said it would focus on customer experience to ensure a leading Net Promoter Score greater than +60 across all business segments.
The company also has its eye on telecom investment in new data networking technology and insourcing network operations to cut costs and improve service delivery.
A third priority will be hosting. Stage 1 has been achieved for Fortune 100 customers at Intellicentre 2 and this will be taken forward to delivering operational readiness for stage 2 which is scheduled for completion in Q3 FY18. Full revenue earning capacity is expected to be realised in FY19.
Finally, the company aims to leverage the 42% of Australian Government clients who have contracted with Macquarie Government.
"We will further grow our government customer revenue in cyber security and secure cloud computing. Our cloud computing offering is certified by the Australian Signals Directorate," it said.
For the next financial year, Macquarie said it expected increased earnings before interest, tax, depreciation, and amortisation, but added that first-half revenue would be flat due to expected higher power prices and expenditure on sales growth.
Both capital expenditure and operation expenditure were expected to increase for the secure cloud offering due to expansion in government business.