CDC Data Centres forecasts A$1 billion earnings after record Australia contract
Updated
Updated · Bloomberg · May 6
CDC Data Centres forecasts A$1 billion earnings after record Australia contract
5 articles · Updated · Bloomberg · May 6
On a Wellington conference call, CDC said operating earnings would climb from nearly A$400 million this year to at least A$1 billion in 2027-28.
The deal, described as Australia’s largest data centre contract, boosted the value of CDC’s biggest shareholder, Infratil Ltd, sending its shares higher.
The forecast points to strong medium-term growth for CDC as large-scale data centre demand expands in Australia over the next three years.
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