Business
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…
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