NEXTDC

I had been pondering over a lot of information to do with my assigned company.  There really is a lot of information to read through, interpret and scale back to provide a quick overview that is hopefully insightful and informative for others that read this.  So, here is my attempt. 

My company is NEXTDC.  NEXTDC is Australian owned and operated and as at March 2012 are listed on the ASX. This company has only been in operation for the last 5 years (FY15 will be their fifth annual report) but appear to be really making their mark among the critical infrastructure providers.

NEXTDC is at the heart of the digital economy.  It hosts a number of leading international and domestic public and provide cloud providers.  Their innovation, scale and increasingly low cost services are fundamental in driving rapid cloud adaptations. 

NEXTDC is operated by a board of directors which during the 2012/2013 financial year underwent a change to introduce more experienced members to really drive the company forward. 

Vision

In 2010, the founder, Bevan Slattery, announced his vision to be 'of building Australia's smartest, most secured, scalable and energy efficient data centres'.  NEXTDC launched in 2010 reporting to be 'Australia's newest carrier and systems integrator neutral national data centre provider'.

https://www.nextdc.com/news-media/news/nextdc-debuts-national-data-centre-operator

In their first Annual Report FY11 Chairman, Roger Clarke confirmed that the NEXTDC had continued to expand aggressively and within a very short time had established a national footprint being Australia's only neutral data centre provider in all major growth markets with strategic footprint. 

https://www.nextdc.com/our-company/about-us/nextdc-brief-history

In 2014 their vision stated that 'Innovation is their key foundation of their growing business'.  FY14 had been transformational with NEXTDC experiencing significant growth across all financial and operating performance metrics.  NEXTDC achieved growth in number of customer utilisation and contracted recurring revenue, revenue pipeline as well as revenue received from data centre services. 

FY14

NEXDC recorded a loss for this period (after tax) of $22,906,000. The loss was attributable to Owners of NEXTDC Limited. However, during this period their data centre services revenue across their 5 operative facilities was up 237%.  The company also raised over $160 million through diversified funding sources (which includes equity holders, bond holders etc).  At 30 June 2014 the company also had over $70 million  in cash and term deposits with access to $20 million form a senior debt facility. 

Forecast

NEXTDC now have all facilities up and running in Brisbane, Sydney, Melbourne, Canberra and Perth and will be able to generate revenue for the full financial period FY15.  This should hopefully see the company recording a positive cash flow for the first time in their short company history. 

My Comments

It took me a while to understand just what it was that my company did and what services it provided.  Each time I read something new to do with my company I am learning a new fact about them.  Overall, I am happy with this company and have found it interesting to see just how they have gown being only 5 years young.

In all honesty I can be a bit technically challenged when it comes to technology and clouds and all things between.  Even this blog took a few man hours to understand and set up but I's happy to say that I have made it this far. :) 

I am looking forward to checking out their FY15 report to see if their prediction of reporting a positive cash flow is achieved and what they have achieved throughout the year and what their drive/focus will be for FY16.  Figures are looking positive so far, see link below.

https://www.nextdc.com/news/nextdc-announces-first-positive-ebitda-operating-cash-flow