NEXTDC Provides Sydney S2 Utilisation Update

NEXTDC Limited (ASX: NXT) advises that it has experienced significant interest in its new Sydney S2 facility that is currently under development and, the Company has already received orders for more than 5MW of capacity.

Revenue recognition for these commitments will commence in 1HFY19 and ramp up to full billing over the following 30 months. These initial orders are for terms of five years from their commencement date with options to further extend their terms.

S2 will comprise ~8,700m2 of technical space and a total IT capacity of 30MW at full fit-out. Consistent with the Company’s Brisbane B2 and Melbourne M2 facilities, S2 is expected to achieve Uptime Institute (UTI) Tier IV design and construct certification, is planned for UTI GOLD operational sustainability as well as NABERS 5.0 star efficiency design. Seamless cross-connection between S1 and S2 will be available from day one through NEXTDC Data Centre Interconnect, as will AXON Ethernet cloud on ramp for Amazon Web Services, Microsoft ExpressRoute, Google Cloud Platform, IBM Cloud, Oracle Fast Connect, and other cloud on-ramps.

Development and construction of S2 is currently underway and the site is expected to open in 1HFY19 with an initial capacity of 6MW. Based on receipt of these orders as well as the strength of its sales pipeline, the Company expects to accelerate the development of an additional 4MW of capacity into FY19, which would take the total built capacity at S2 to approximately 10MW.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s