Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

Vocus Communications reports 40 per cent revenue jump

Posts first half revenue of $30.6 million for its half year ending December 31, 2012
Vocus Communications reports 40 per cent revenue jump

Telecommunications and data centre provider Vocus Communications (ASX: VOC) has posted first half revenue of $30.6 million, driven largely by sales of its fibre network and data centre services.

Revenues were up 40 per cent from the $21.9 million posted in the previous period. EBITDA was $9.8 million, up 29.3 per cent from $7.6 million from a year earlier.

Vocus Communications executive director Mark de Kock told Computerworld Australia that it has been “aggressively” rolling out its fibre network.

“We are now getting very close to [completing fibre rollouts at] most of the buildings in the five main state capital CBD areas of Sydney, Melbourne, Brisbane, Canberra and Perth,” he said.

“Once that fibre network is built it becomes a case of selling more services on it to drive revenue out of that asset.”

Vocus to acquire fibre provider Ipera Communications

Vocus begins partial phase out of Maxnet name

Vocus forecasts $47 million FY2012 revenue

In addition, de Kock said that the company was expanding its Auckland, New Zealand and Melbourne data centres.

“We have acquired another site adjacent to the Auckland data centre and progressed with the Melbourne building works on the former ASX data centre site in Collins Street,” he said. “As those facilities are built and progressively fill up they will drive revenue."

Vocus has $13.3 million in cash and a signed term sheet for $13 million of additional acquisition bank facilities.

Vocus Communications CEO James Spencely said in a statement that this cash will allow the company to continue its organic and inorganic plans, giving the company a strong platform for continued growth.

Follow Hamish Barwick on Twitter: @HamishBarwick

Follow Computerworld Australia on Twitter: @ComputerworldAU, or take part in the Computerworld conversation on LinkedIn: Computerworld Australia

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

References show all
Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: Maxnet, Ethernet, fibre, Mark de Kock, data centres, Vocus Communications
Latest Blog Posts
Whitepapers
  • Top 20 Critical Security Controls - Compliance Guide
    Simply being compliant is not enough to mitigate attacks and protect critical information. Organizations can reduce chances of compromise by shifting away from a compliance-driven approach. This guide provides the Top 20 Critical Security Controls (CSCs) developed by the SANS Institute to address the need for a risk-based approach to security.
    Learn more »
  • Simple, Proven, Tranformative
    A cheat Sheet for Google Apps for Business
    Learn more »
  • Stop Paying the Earth for Global Roaming
    Why do we continue to pay the earth for global roaming? With Telstra increasing global roaming charges by 100-500% in over 180 countries, bill shock can only get worse. This paper investigates why, what and how your company can address the need for global coverage.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Latest Jobs
Salary Calculator

Supplied by

View the full Peoplebank ICT Salary & Employment Index

Recent comments

Computerworld
ARN
Techworld
CMO