Fibre, Internet segments drive Vocus Communications revenue

Company reports revenue of $92.3 million in 2014

Vocus Communications CEO James Spenceley

Vocus Communications CEO James Spenceley

Fibre/Ethernet and Internet segments helped propel Vocus Communications (ASX: VOC) to a revenue of $92.3 million for the financial year ended June 2014. This was up 38 per cent on 2013’s revenue of $66.9 million.

According to an ASX presentation, revenues from Fibre/Ethernet rose to $28.2 million from last year’s figure of $15.1 million. The company’s fibre network now reaches more than 1,000 buildings in Australia.

Internet revenue grew to 37.6 million in 2014, up from $27.1 million in 2013.

Data centre revenue rose as a result of the company’s acquisition of Newcastle-based data centre and fibre provider Ipera Communications in January 2013 for $9.8 million. Data centre revenue was $18.6 million this year, up from the 15.6 million recorded in 2013.

Vocus Communications now operates eight data centre sites – six in Australia and two in New Zealand.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose from $22.4 million in 2013 to $33 million this year.

Net profit after tax (NPAT) was $13.6 million in 2014, up from $8.8 million last year.

According to Vocus Communications CEO James Spenceley, 2014 has been a “significant year” for the company.

“We have delivered another record result which is testament to our clearly developed strategy, aligned to increasing demand for data coupled with cloud computing and increased IT outsourcing trends,” he said in a statement.

“The recent acquisition of the Bentley data centre in Perth [from ASG Group], the investment in the SEA-ME-WE 3 cable connecting Perth and Singapore and our upcoming acquisition of New Zealand’s FX Networks positions Vocus as one of the leading fibre, Internet and data centre providers across A/NZ,” said Spenceley.

Follow Hamish Barwick on Twitter: @HamishBarwick

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Tags ASX:VOCJames Spenceleydata centresfinancial resultsVocus Communicationsfibre network

More about ASG GroupIpera CommunicationsVocus Communications

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