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DXN Limited Secures First DCaaS Contract with US Satellite Provider

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DXN Ltd. ( (AU:DXN) ) just unveiled an update.

DXN Limited has secured its first Data Centre as a Service (DCaaS) contract with a US-based global provider of satellite earth stations. The agreement, valued at approximately $3.6 million over five years, includes the design, build, and deployment of prefabricated technical infrastructure at an initial site in Northern Territory, Australia. This contract marks a significant step for DXN as it expands its service offerings to include managed services, reflecting the company’s strategic growth in the space and satellite industry. The deal also presents further revenue opportunities, with the potential for DXN to be engaged for additional sites across regional Australia.

More about DXN Ltd.

DXN Limited is a vertically integrated manufacturer and operator of modular data centres in the Asia Pacific region. The company’s core business involves designing, engineering, manufacturing, maintaining, and operating data centres. DXN serves major government and blue-chip enterprise customers through its two divisions: the Modular Division, which focuses on designing and deploying EDGE facilities and critical DC infrastructure, and the Data Centre Operations division, which manages and markets data centres and critical infrastructure.

YTD Price Performance: -48.33%

Average Trading Volume: 425,371

Technical Sentiment Signal: Buy

Current Market Cap: A$9.26M

Find detailed analytics on DXN stock on TipRanks’ Stock Analysis page.

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