Macquarie Telecom (ASX:MAQ) share price in focus after investor day update

The Macquarie Telecom Group Ltd (ASX: MAQ) share price was a particularly poor performer on Monday.

In the last minutes of trade, the data centre and telecom company’s shares tumbled 6% to $49.02.

Shareholders will no doubt be hoping for a better day of trade on Tuesday, especially after the release of its investor day update this evening.

What was in the update?

As well as providing a summary on its strong performance in FY 2020, management gave investors an idea on its expectations for the year ahead.

In respect to FY 2020, Macquarie Telecom delivered an 8% increase in revenue to $266.2 million.

Things were even better for its earnings thanks to margin expansion. Macquarie Telecom reported a 25% lift in earnings before…