Pinned straw:
Yep #s looked ok on the Report card.
But at open, down:
Observation:
@NewyRookie MP1 said they are investing 'GTM, product, engineering, and our ecosystem' ............over 3 years
So infrastructure spend may detract from the profitability bottom line.
FY24 saw us execute a massive financial turnaround whilst growing revenue by 28%. An astounding transformation resulting in our first ever net cash flow positive year generating $28.0M, up $62.5M YoY. This fiscal turn around set the stage for us to profitably invest in GTM, product, engineering, and our ecosystem, building the platform for profitable growth over the next three years and beyond."
Am wondering if the growing number of connect providers is hurting pricing power and therefore also forcing a lower revenue estimate.
That is assuming that Megaport needs to start lowering prices to deal with the new competition.
This is one example presented very well by Oracle Fastconnect
I think it used to be just Megaport and Equinix. Now we have Console connect, Google, Telstra and NextDC.
And Megaport is not serving Canberra. I wonder why???
Other examples can be seen on the AWS Direct Connect Partner page (which is a bit more messier).
Don't have time now to find out the revenue from cross connect. If any of you have time, please post here.
Also I don't think a few dev projects being put on hold is enough to move the dial on revenue estimates but again only the CEO or CFO will know
Seems like I am doing the job of the CEO to explain the revenue estimate miss LOL.