NextDC posts profit loss of $3.26m

The data centre startup launched its first data centre four months ago

Australian data centre operator, NextDC, has posted a loss in net profits after tax of $3.26 million for the six months to 31 December 2011, attributable to start-up costs of its first data in Brisbane which went live in October.

In a statement to the ASX, the company noted the loss was reflective of the startup nature of the business, which was founded in May 2010, and early stage revenue growth.

The data centre operator posted increased revenues of $2.2 million for the half year ending 31 December, a 939 per cent increase from the $214,534 in previous period.

Loss after income tax for the period attributable to members was $3.25 million, an increase of 322 per cent on the $771,507 loss in the prior period.

Loss after income tax attributable to members grew 367 per cent from $697,585 to $3.25 million for the period.

Recorded losses before tax, depreciation amortisation climbed 835 per cent from $322,298 to $3 million for the six months.

According to the company, the B1 data centre in Brisbane has experienced “solid” demand since it went live, while its other data centre locations in Melbourne, Sydney, Canberra and Perth, are in various stages of development. The company aims to have them operational within the next 12 to 15 months.

The company has increased its employee headcount to 42 from 12 in 2011, with plans to recruit further in coming months.

The company also announced the appointment Robin Khuda, who originally joined the company as chief financial officer when it was founded in May 2010, as deputy chief executive. Khuda will continue his existing responsibilities until a replacement can be found.

NextDC chairperson, Roger Clarke, also said that executive deputy chairman, Ted Pretty, would be relinquishing his executive role due to the completion of the “establishment phase”. Pretty will remain active on the board but as an independent non-executive director.

Follow Chloe Herrick on Twitter: @chloe_CW

Follow Computerworld Australia on Twitter: @ComputerworldAU

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