Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Nextdc Limited ( (AU:NXT) ) has issued an update.
NEXTDC Limited has announced a significant increase in its contracted utilisation, rising by 52MW to 228MW as of March 31, 2025, following recent customer contract wins. This growth is largely driven by increased demand in the Victorian data centre ecosystem, particularly from AI deployments. The company’s forward order book has also reached a record 127MW, marking a 54% increase. To accommodate this growth, NEXTDC has raised its FY25 capital expenditure guidance by A$100 million and plans to secure new senior debt facilities to fund these expansions. The expansion is expected to impact revenue from FY27 onwards, reflecting the company’s strategic positioning in the rapidly evolving data centre industry.
More about Nextdc Limited
NEXTDC Limited is an ASX 100-listed technology company and a leading Data Centre-as-a-Service provider in Asia. The company is renowned for its innovative infrastructure platform supporting the digital economy, offering critical power, security, and connectivity for global cloud computing providers, enterprises, and government entities. NEXTDC is distinguished for its Tier IV certified facilities and its commitment to sustainability and operational excellence through renewable energy and efficient operations.
YTD Price Performance: -12.42%
Technical Sentiment Signal: Buy
Current Market Cap: $5.2B
Learn more about NXT stock on TipRanks’ Stock Analysis page.