Macquarie Telecom has blamed a $4.3 million loss for the 2015 financial year in part on the depreciation of its cloud business Ninefold.
The result was worse than last year's $783,000 net loss, while revenue was down 2.2 percent to $192.4 million.
The loss was partly attributed to a depreciation of Ninefold, an approved federal government supplier of cloud server hosting and virtual servers. The company was established in 2011 and was one of the initial entrants on the whole of government cloud service panels.
The loss included a depreciation of $31.3 million, compared with $26.4 million the year before. This was “primarily” attributable to a higher depreciation charge for Ninefold and also Macquarie’s Intellicentre second data hall fitout and third megawatt installation assets.
Despite the loss, chief executive David Tudehope said the company saw a strong finish to its second half.
“During fiscal 2015 our focus has shifted from an investment phase to leveraging our assets through the delivery of superior services for our customers,” he said.
MacTel this week also announced a new service to turbo charge the speed of software-as-a-service, based around Riverbed technology.
The company claims its Managed WAN Optimisation offer can provide 33x faster application performance and up to 97 percent reduction in bandwidth requirements for tools such as Microsoft Office 365 and Salesforce.com.
According to Macquarie Telecom, without optimisation, a 20.8MB file from SharePoint Online takes more than two minutes to download, but this is reduced to less than four seconds with WAN optimisation.
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