Australia's Megaport Secures Four New AI Infrastructure Contracts, to Raise $594 Million
The deals are expected to add A$232.4 million in annual recurring revenue and lift pro forma group ARR to about A$1.1 billion, Megaport said.
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7 Articles
Australia's Megaport secures four new AI infrastructure contracts, to raise $594 million
The four contracts, all with U.S.-based technology providers running AI applications, are expected to start in the first half of 2027 and require nearly A$369.5 million in capital expenditure, primarily for high-performance Nvidia GPUs, network and storage infrastructure.
Australia's Megaport rallies after bagging $687-million AI contracts
Megaport Shares Jump 9% After Nearly $1 Billion in AI Contracts Trigger Major Revenue Guidance Upgrade
Megaport shares climbed 9.4% after the company announced A$978.6 million in new AI infrastructure contracts and upgraded its FY27 revenue and EBITDA margin guidance.
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