DUG grows revenue across all segments as it continues transition to Software and HPCaaS

Note all figures are in US$ million unless otherwise stated.

H1 FY21 highlights (vs H1 FY20):

•  Revenue up 7.2% to $24.2 million
•  Statutory NPAT of $(4.4) million, underlying NPAT of $(0.9) million excluding non-recurring and listed company costs
•  12% growth year-on-year (yoy) in DUG Insight software revenue
•  86% growth half-on-half growth in high performance compute-as-a-service (HPCaaS) revenue, continuing the Company’s pivot to HPCaaS and Software
•  Services revenue recovered 7% from the H2 FY20 low, despite tough conditions in the oil & gas sector
•  Underlying EBITDA of $4.2 million, proving resilient through the market turmoil

Presentation

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02344223-6A1021302?access_token=83ff96335c2d45a094df02a206a39ff4

DUG Technology enters UK university research sector

Providing Imperial College London with key High Performance Computing infrastructure and expertise

High performance computing technology company DUG Technology Ltd (ASX: DUG) (DUG or the Company) is pleased to announce that it has signed its first ongoing university research sector client in the United Kingdom, providing high-performance computing as a service (HPCaaS ) to Imperial College London.

DUG will initially provide Imperial College London, consistently rated one of the world's ten best universities, with HPCaaS including compute cycles and all-flash storage using DUG McCloud and associated lecturing expertise for its MSc. Advanced Computing postgraduates. As part of the ongoing contract that is now underway, DUG will provide initial lectures on HPC and the DUG HPCaaS set and ongoing HPC support. Students will then complete individual research projects using DUG’s state-of-the art HPC systems.

This new agreement will play a key role in supporting Imperial College’s MSc. Advanced Computing post-graduate students with some of the largest and greenest specialist HPC installations in the world, giving them direct access to world-class HPC facilities and support.

DUG Founder and Managing Director Matt Lamont said: “The DUG McCloud platform infrastructure is perfect for meeting the advanced security and system integrity needs Imperial College requires for its multidisciplinary, collaborative approach to research. DUG McCloud is highly secure, operating on a private cloud with reduced attack surfaces that can only be accessed through heavily firewalled, individually issued Virtual Private Network [VPN] accounts anywhere in the world. Jobs are run on bare metal, rather than virtual machines [VM] meaning jobs run traditionally within an operating system on the hardware directly with a VM emulating the hardware. As such they are engineered to be exceptionally reliable, interchangeable and fault tolerant – perfect for the advanced research faculties of the tertiary sector.”