Founded by Bevan Slattery [1] in 2010 and listed on the S&P/ASX 200 [2] since 2016, NEXTDC (NXT [3]) is an Australian data centre [4] operator with 11 data centres around the country, with facilities in Melbourne, Sydney, Brisbane, Perth, and Canberra. In 2015, NEXTDC was named by Deloitte [5] as Australia’s fastest growing technology company.
“NEXTDC (NXT) was hosting its AGM last week,” said Raymond.
“The market was hoping for a financial year 2022 upgrade but NXT pretty much stuck with what it previously announced.
“Having said that, we noted that despite strong demand, NXT still has capacity to meet new demand in all markets.
“Further, the building of a new data centre remains on time and budget.
“The data centre theme is strong. Last week, Google announced a $1 billion investment in its Australian Cloud business and NXT is of course one of its major services providers here,” Raymond said.
NEXTDC (NXT)
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