New Street: Macquarie Telecom Group (Neutral): 1H20 Result: High costs spoil the hosting party
Macquarie Telecom (ASX: MAQ) reported a good 1H20 with 9% revenue growth to A$131.9m nearly all in high margin hosting and data centre. However gross margin dropped by 1.7% to 66.8% as carrier costs increased by 16%.Macquarie Telecom provides telecommunication and hosting services to corporate and government customers. Co.'s Hosting division focuses on providing scalable, co-location, hosting and private and public cloud services for its customers' applications. Co.'s Data Network division provides network service availability to support its customers' business application environments through Internet Protocol data network services. Co.'s Voice division provides telephony applications that addresses the business requirements of its customers. Co.'s Mobiles division provides mobile applications across multiple networks together with a range of enhancement management, reporting and cost control tools.
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