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29 stories mentioning ASX:MP1Updated 2h ago

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Asia

Megaport Launches New Platform for Integrated Compute, Network, Storage Services

Megaport (ASX:MP1) launched its Megaport Storage platform designed to deliver integrated compute, network, and storage services, according to a Thursday statement from the company.The platform integrates enterprise cloud storage directly into the Megaport Network and Latitude.sh compute platform, with block, file, and object storage focused on high-speed performance use cases.It also uses the same "dedicated backbone" as Megaport's networking and compute services, which will reduce public internet bottlenecks and unpredictable costs, per the statement.

ASX:MP1
Asia

Megaport Benefits From Rising Demand in AI Inference, Says Jefferies

Megaport (ASX:MP1) is riding the artificial intelligence (AI) boom, especially increased workloads in AI Inference, Jefferies said in a note on Wednesday.The company has won four new AI infrastructure contracts worth roughly AU$458.9 million in total. Jefferies expects the contracts to bring in a 21% annualized return on investment over six years.The investment firm said Megaport's "competitive advantage" lies in its ability to distribute graphics processing units across several data centers and connect them through its network platform.Analysts at the brokerage expect the company's Network business to benefit from growth in AI Inference and agentic workloads, as customers need fast, low-latency, high-performance connections to access computing power across multiple data centers.Jefferies maintained a buy rating and raised its price target to AU$19 from AU$18.40.

ASX:MP1
Asia

Megaport Wins New AI Infrastructure Contracts Totaling Nearly AU$500 Million

Megaport (ASX:MP1) won four new artificial intelligence (AI) infrastructure contracts worth roughly AU$458.9 million in total, according to a Wednesday filing with the Australian bourse.The company also plans to establish an on-demand graphics processing units (GPU) pool, supported by an investment of AU$350 million, to grant enterprise customers access to AI infrastructure through contracted and consumption-based commercial models, the filing said.Additionally, the company launched a fully underwritten 1-for-3.08 pro rata accelerated non-renounceable entitlement offer to raise AU$827.3 million to secure the capital expenditure required to fulfill the new contracts and seed the GPU pool, per the filing.

ASX:MP1
Asia

Australian Shares Flat; Federal Court Rules Against Coles Group on Price Discounts in ACCC Case

Australian shares were flat with positive bias on Thursday as ⁠the summit between the US and Chinese Presidents gets underway.The S&P/ASX 200 Index was little changed to close at 8,640.70.US President Donald Trump and Chinese counterpart Xi Jinping met in Beijing. Brent crude oil futures were trading around $105.89 per barrel. Gold fell as the hotter-than-expected US inflation data increased the chances of a tighter monetary policy in the US.On the domestic front, Australia's household spending fell 1.2% in April, reversing a fuel-driven surge in March as lower spending on petrol and public transport weighed on transport and recreation spending, according to the Commonwealth Bank of Australia's Household Spending Insights."The oil shock resulting from the current Middle East conflict has not had the size of impact that was initially expected," the bank's head of Australian Economics, Belinda Allen, said.In company news, Australia's Federal Court ruled Thursday that Coles Group (ASX:COL) deceived shoppers by advertising discounts on products that, in many cases, were being sold at higher prices. The case against Coles was brought by the Australian Competition and Consumer Commission (ACCC) in 2024, saying Coles increased prices on certain items for a very short period of time before putting them on a discount, making the promotions illusory in nature. Its shares fell 2% on market close.Xero (ASX:XRO) reported Thursday that it swung to a loss of NZ$0.19 per share in the fiscal year 2026 from a profit of NZ$1.47 a year earlier. Total operating revenue for the 12 months ended March 31 was NZ$2.75 billion, compared with NZ$2.1 billion a year earlier. Its shares closed down 9%.Lastly, Megaport (ASX:MP1) said its unit Latitude.sh has secured three major GPU, CPU, network, and storage contracts with a combined total contract value (TCV) of about AU$254 million and annualized recurring revenue (ARR) of about AU$90.6 million. Its shares were up 28% on market close.

ASX 200ASX:COLASX:MP1ASX:XRO
Asia

Update: Megaport's Latitude.sh Secures AU$254 Million in Compute, Network, Storage Contracts; Shares Up 34%

(Updates to add stock movement in the headline and last paragraph)Megaport (ASX:MP1) said its unit Latitude.sh has secured three major GPU, CPU, network, and storage contracts with a combined total contract value (TCV) of about AU$254 million and annualized recurring revenue (ARR) of about AU$90.6 million, according to a Thursday Australian bourse filing.The company said the contracts are with two US-based technology customers running AI applications, with two contracts covering about 90% of the TCV on 36-month initial terms and the third on a 24-month term.The contracts require about AU$140.3 million in incremental capital expenditure primarily for high-performance NVIDIA GPU, compute, network, and storage hardware, with an attractive payback of about two years, the filing added.Megaport will fund the capital expenditure via a combination of existing cash reserves and available capacity under a newly upsized AU$150 million debt facility, with hardware orders placed and delivery expected in late fiscal year 2026 or early fiscal year 2027, the filing added.Pro-forma liquidity as at December 31, 2025, including these contracts and the strategic deal announced on April 27, would have been about AU$199.1 million, it added.The company reaffirmed fiscal year 2026 revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for the combined group.The company said its fiscal year 2026 group capital expenditure guidance of AU$90 million to AU$100 million remains unchanged, excluding these contracts and the recent strategic deal, though capital expenditure could increase by up to a further AU$140.3 million if equipment is delivered before June 30.The company's shares jumped around 34% in recent Thursday trade.

ASX:MP1
Asia

Megaport's Latitude.sh Secures AU$254 Million in Compute, Network, Storage Contracts

Megaport (ASX:MP1) said its unit Latitude.sh has secured three major GPU, CPU, network, and storage contracts with a combined total contract value (TCV) of about AU$254 million and annualized recurring revenue (ARR) of about AU$90.6 million, according to a Thursday Australian bourse filing.The company said the contracts are with two US-based technology customers running AI applications, with two contracts covering about 90% of the TCV on 36-month initial terms and the third on a 24-month term.The contracts require about AU$140.3 million in incremental capital expenditure primarily for high-performance NVIDIA GPU, compute, network, and storage hardware, with an attractive payback of about two years, the filing added.Megaport will fund the capital expenditure via a combination of existing cash reserves and available capacity under a newly upsized AU$150 million debt facility, with hardware orders placed and delivery expected in late fiscal year 2026 or early fiscal year 2027, the filing added.Pro-forma liquidity as at December 31, 2025, including these contracts and the strategic deal announced on April 27, would have been about AU$199.1 million, it added.The company reaffirmed fiscal year 2026 revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for the combined group.The company said its fiscal year 2026 group capital expenditure guidance of AU$90 million to AU$100 million remains unchanged, excluding these contracts and the recent strategic deal, though capital expenditure could increase by up to a further AU$140.3 million if equipment is delivered before June 30.

ASX:MP1
Asia

Megaport Launches New Capability for Filtering Malicious Network Traffic; Shares Up 3%

Megaport (ASX:MP1) launched Megaport Distributed Denial of Service (DDoS) Protection designed for filtering malicious traffic directly within the Megaport network, according to a Wednesday statement from company.The new feature integrates real-time traffic filtering into the company's internet service to reduce latency, avoid external scrubbing, and maintain uptime during attacks, the company said.In addition, the new capability enables self-service deployment in under a minute, applying protection at the internet protocol and host level so only harmful traffic is blocked.It also offers simplified, capacity-based pricing and automated protection profiles that help distinguish attacks from legitimate traffic surges, the company said.The company's shares rose around 3% in recent Wednesday trade.

ASX:MP1
Asia

Australian Shares Flat; Atlas Arteria Receives Unsolicited Takeover Bid From IFM

Australian shares were flat with a negative bias at Monday's close as the critical Strait of Hormuz in the Middle East continued to be blocked.The S&P/ASX 200 Index was little changed to close at 8,766.40.Brent crude oil futures gained 1.2% to reach $106.57 per barrel. US President Donald Trump cancelled a trip to Islamabad, Pakistan, ​by US envoys for talks with Iran over the weekend. Iran gave the US a new proposal for reaching a deal on reopening the Strait and ending the war, Axios reported.In company news, Atlas Arteria (ASX:ALX) has received an unsolicited off-market takeover proposal from IFM to acquire all remaining securities it does not already own at AU$4.75 per share in cash. IFM has indicated that the offer price may increase to AU$5.10 per share if it obtains at least a 45% relevant interest before the offer closes, subject to certain "best and final" conditions. Its shares jumped 13% on market close.Megaport's (ASX:MP1) wholly-owned unit, Latitude.sh, signed a 36-month contract with a new US-based customer, with a total value of around $25.1 million, representing around $8.4 million in annualized recurring revenue. Its shares closed up 5%.Lastly, Origin Energy (ASX:ORG) reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier. The company reported commodity revenue of AU$1.86 billion for the quarter, down from AU$ 2.31 billion a year ago. Its shares were down over 5% on market close.

ASX 200ASX:ALXASX:MP1ASX:ORG
Asia

Megaport Says Unit Signs Over $25 Million Contract With US-Based Customer; Shares Up 5%

Megaport's (ASX:MP1) wholly-owned unit, Latitude.sh, signed a 36-month contract with a new US-based customer, with a total value of around $25.1 million, representing around $8.4 million in annualized recurring revenue, according to a Monday Australian bourse filing.The contract will be supported by around $12.2 million in incremental capital expenditure on CPU servers, the filing said.The company said it placed an order for the hardware, with delivery expected in fiscal 2026 and deployment to occur on a phased basis commencing in the first half of fiscal 2027 in line with customer requirements.The company reaffirmed its previously provided fiscal 2026 revenue guidance of AU$302 million to AU$317 million.Megaport's shares rose 5% in recent trading on Monday.

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