Australian interconnection services provider Megaport has revealed a decrease in its receipts from customers for the quarter ended March 31, from AU$5.2 million to AU$4.5 million, with the company attributing this to "the timing of cash flows".
However, revenue was up by 10 percent quarter on quarter, from AU$4.68 million to AU$5.14 million.
"The third quarter saw continued investment in network expansion through new datacentre deployments and network partnerships," Megaport CEO Vincent English said.
"This, combined with new products like Megaport Cloud Router and the addition of Salesforce to our service provider Ecosystem, positions Megaport to further leverage our first-mover advantage and capture the market's increasing need for on-demand, direct cloud connectivity enabled by our network-as-a-service model."
Megaport spent the same on network operating costs to continue expanding its network, at AU$3.6 million, but capex was AU$5 million, up from AU$2.3 million last quarter, "reflecting the addition of 21 new datacentres and the 100GB upgrade to the network infrastructure in North America".
As of the end of March, Megaport had 206 datacentres: 54 in the Asia-Pacific region, after adding two new sites in Brisbane and Perth during the quarter; 91 in the Americas, after adding 15 sites in New York, San Francisco, Boston, Austin, Sacramento, Philadelphia, St Louis, Phoenix, and Columbus; and 61 in Europe, after adding four sites in London, Amsterdam, and Stockholm, as well as a cloud on-ramp with Salesforce in Frankfurt.
Megaport had 106 total connected cloud on-ramps globally by the end of the quarter, having added four during the period. It now has 951 customers, after adding 91; 2,520 ports, after adding 261; and 5,731 services, after adding 690 during the quarter.
"Megaport's ongoing expansion into new datacentres in markets like Austin, Sacramento, and St Louis enable us