Sept 29 : Australian IT firm Megaport said on Tuesday that it signed three new AI Infrastructure contracts worth a combined A$978.6 million ($686.78 million) and upgraded its earnings forecast for 2027.
Here are some more details:
• The three contracts, with undisclosed customers, cover GPU and CPU compute, networking and storage for AI applications and inference workloads.
• The agreements are expected to generate about A$232.4 million in annual recurring revenue.
Guess WordCrack the word, one row at a timeBuzzwordCreate words using the given lettersMini SudokuTiny puzzle, mighty brain teaserMini CrosswordSmall grid, big challengeWord SearchSpot as many words as you can Show More Show Less• The deals follow four similar AI infrastructure contracts worth A$458.9 million secured in early June, further advancing the company's expansion into AI infrastructure.
• Megaport now sees its full-year group revenue forecast between A$720 million and A$810 million, higher than its previous estimate of A$620 million to A$730 million.
• The company raised its EBITDA margin forecast to 42 per cent-44 per cent from 38 per cent-40 per cent.
• Shares rose as much as 20.5 per cent to their highest level since mid-August and were among the top gainers in the benchmark, which was down 0.1 per cent.
($1 = 1.4249 Australian dollars)