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

Published

4 years ago

November 30, 2020

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…

Related Topics:fool.com.au

Volkswagen Could Axe the Polo After Launching Affordable ID.2 – autoevolution

Coronavirus: Victoria QR code checking system launches – The Australian

This 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls

Easter weather forecast: What to expect in Sydney, Perth, Melbourne, Brisbane, Adelaide and Canberra

Queensland cop cleared by court of stealing watches during anti-gang raid

Another power station confirmed offline as political fallout continues amid cultural issues