NextDC has said it is shifting out of its development phase and into operational mode following the opening of a fifth data centre in Perth last week.
The data centre operator has posted a 495 percent increase in revenue, from $4.8 million in the six months to 31 December 2012 to hit $28.8 million for the most recent half.
However, it reported a half-year loss off the back of its infrastructure investments, swinging from a $4.7 million profit to a $7.3 million loss.
The red ink reflects the heavy level of investment, said CFO Paul Jobbins, adding that the results show key metrics moving in the right direction
Jobbins told CRN that only three of NextDC's five data centres contributed to the entire period. Sydney came on stream in September and will report for the whole of the second half. The six months will also include contributions from Perth, which came online last week and will report four months worth of revenues.
NextDC notched up a series of milestones in the period, such as adding 62 new channel partners, including a national agreement with Telstra,
According to chief executive Craig Scroggie, "NextDC has recently been focused on the rapid development of its national network of carrier and vendor-neutral data centres. As the company begins to transition out of the development phase, and leverages its impressive national network of data centres, the operating leverage of the model will become more pronounced in the financial results."
NextDC added significant network capacity during the H1 and it now sits at just over 14 MW, about 40 percent of its target capacity of 35 MW.
According to the company, "the roll out of new capacity will continue to be actively managed to ensure that current and anticipated demand is adequately catered for, with future capital investments tightly aligned to customer demand".
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