Why the Megaport (ASX:MP1) share price is dropping lower today – Motley Fool Australia

In morning trade the Megaport Ltd(ASX: MP1) share price is dropping lower following the release of its first quarter update.
At the time of writing the leading elastic interconnection services provider’s shares are down 4% to $16.07.
How did Megaport perform in the first quarter?
Megaport continued its positive form in the first quarter, delivering further growth in recurring revenues, albeit at a slower than normal rate.
For the three months ended 30 September, Megaport recorded revenue of $17.3…

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