Australia's NEXTDC cuts FY27 earnings outlook after Melbourne data centre power delay
Tue 22:44
Australia's NEXTDC cuts FY27 earnings outlook after Melbourne data centre power delay Oct 21 (Reuters) - Australia's NEXTDC NXT.AX on Wednesday cut its 2027 revenue and earnings forecasts after delays to electricity network works in Melbourne deferred the delivery and billing of contracted capacity at its M3 data centre.
The data centre operator now expects FY27 net revenue of A$475 million ($332.41 million) to A$500 million, down from prior guidance of A$615 million to A$640 million, excluding the affected M3 contracts.
NEXTDC also said it now expects FY27 underlying EBITDA of A$245 million to A$265 million, compared with its previous forecast of A$385 million to A$410 million, excluding the affected M3 contracts.
($1 = 1.4290 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
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