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
  • The Three Essential Steps to Successful Cloud Migration
    Businesses and enterprises have quickly realised the power and efficiency of cloud computing, but migrating to the cloud can be a challenging process. This guide leads you through the three key steps you should take to assess your workload, select the most appropriate cloud model and ensure your cloud provider’s migration methodology stacks up.
    Learn more »
  • Case Study: ETEL Limited
    Read how ETEL Limited, a pioneering design and manufacture business in New Zealand, managed to perfect their expansion into new markets by utilising an ERP system to support growth and provide “one source for truth” accessible to the entire organisation.
    Learn more »
  • Transform IT, Transform the Enterprise
    Existing IT operational models and an ageing infrastructure are CIOs back from their full potential. This paper reveals the three IT imperatives for a CIO-led transformation, and details how CIOs are adopting strategies to change IT and assert their organisations as business leaders and innovators.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Salary Calculator

Supplied by

View the full Peoplebank ICT Salary & Employment Index

Recent comments