Vocus fast tracks recovery through enterprise and wholesale

Vocus fast tracks recovery through enterprise and wholesale wins


Vocus has posted strong financials in H1 FY2021 to complete its three-year turnaround plan ahead of schedule, crediting wins from enterprise and wholesale customers.
In the half year ended 31 December 2020, the telco reported revenue of $897.4 million, down 0.5 percent year over year from $901.9 million. EBITDA is up 3.8 percent year over year to $188.1 million, while net profit after tax is up 49 percent to $19.1 million.
The strongest segment for the period was Vocus Network Services, the company’s enterprise and wholesale business, which had 8 percent EBITDA growth and an 11 percent increase in recurring revenue.
In addition to government and enterprise, international customers and sales on the Australia-Singapore Cable also contributed to the growth.

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