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Nextdc Limited

( ASX:NXT ) - Software & Services

News

Favourable Winds Blow For NextDC

The prevailing winds are blowing favourably for data centre operator NextDC ((NXT)) as demand is robust and the company has a well-capitalised balance sheet. Several brokers believe FY18 will be pivotal as the company is well on its way to being materially larger, and generating attractive returns on capital.

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Surging Demand Sets NextDC On Course For S2

Data centre owner and operator NextDC (NXT) is being nimble, changing tack to capture the strengthening winds that are driving demand for data storage. The company was expected to deploy most of its cash balance in FY17 on the building of new data centres in Brisbane (B2) and Melbourne (M2). However, an existing international customer has purchased a further slice of the Sydney data centre (S1), pushing up contracted capacity to 82%.

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Analyst Views