Vocus forecasts $47 million FY2012 revenue
- 13 June, 2012 13:37
Vocus Communications (ASX: VOC) has issued a full year guidance for 2012 which forecasts the company's revenue to hit $47 million, an increase of 45 per cent on FY2011 revenue of $31 million, due to company acquisitions and growth in fibre/data centre services.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to reach $16.5 million, up from $9.8 million in FY2011.
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In documents released to the ASX, Vocus chief executive James Spenceley said the results arose from the company’s long-term goal to diversify from a simple provider of wholesale internet to a telecommunications and data centre powerhouse.
Internet services, including wholesale and digital subscriber line (DSL), contributed 45 per cent of revenue while voice contributed 21 per cent. Data centre services brought in 18 per cent revenue followed by fibre and ethernet (14 per cent of revenue).
“The voice products have historically grown but require renewed focus in FY2013,” Spenceley said. “Voice networks combined with the fibre and internet protocol (IP) network should provide a strong cost structure going forward."
Spenceley added that the expansion of its Sydney data centre, S3, would be completed by 30 June 2012 while the recent binding agreement to acquire New Zealand data centre and Cloud provider Maxnet would provide data centres in Auckland and Christchurch once the acquisition was complete.
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