NEXTDC First Half 2024 Earnings: AU$0.044 loss per share (vs AU$0.006 loss in 1H 2023)
NEXTDC (ASX:NXT) First Half 2024 Results
Key Financial Results
Revenue: AU$225.6m (up 38% from 1H 2023).
Net loss: AU$22.5m (loss widened by AU$19.7m from 1H 2023).
AU$0.044 loss per share (further deteriorated from AU$0.006 loss in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NEXTDC Earnings Insights
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia.
Performance of the Australian IT industry.
The company's shares are up 16% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with NEXTDC (including 1 which is a bit unpleasant).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
