NEXTDC Cuts FY27 Revenue and Earnings Outlook After Melbourne Power Delay
The data centre operator lowered its FY27 forecasts after electricity network delays in Melbourne deferred delivery and billing of contracted capacity at its M3 data centre. The supplied body is truncated before the full forecast figures.
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10:14:47 PM UTC
SquawkNews
By Stuart CondieSYDNEY--Australia's NextDC has begun a comprehensive capital-expenditure review and could sell some development sites after its near-term earnings outlook was hit by a power-supply delay to one of its Melbourne data centers.ASX-listed NextDC on Wednesday said it had paused all proje…
Australia's NEXTDC ASX:NXT on Wednesday cut its 2027 revenue and earnings forecasts after delays to electricity network works in Melbourne deferred the delivery and billing of contracted capacity at its M3 data centre.The data centre operator now expects FY27 net revenue of A$475 million ($332.41 m…