My name is Grace Wilkins and I am a student at CQU Brisbane Campus studying a business degree. My company for accounting is NEXTDC which is a data storage business with clients including Australia Post and Optus.
Hi Grace Wilkins. It's me Myat Myat. your blog is nice. looking forward to read about your company information. by the way, here is my blog myatmyatthinn.blogspot.com.au. Feel free to leave comment. Good luck with your assignment 1.
Hi Grace, We spent some time together in Yesterday’s lecture going over the Companies we have been assigned.
Your company is really interesting. I found this News Article and I hope it will assist you in your assignment: http://www.arnnet.com.au/article/539334/nextdc_records_loss_it_transitions_development_phase/ To summarise: the news report states that NextDC has posted a $7.3M loss for the first half of the 2014 fiscal year, down from a $4.7M profit at the same time. However, the revenue jumped from $7.6M to $11.4M. In February they launched the new centre in Perth. Do your figures for 2012-2013 reflect how much the company invested in the new centre? Also what I found interesting is that NextDC, it seems, has finished its initial development phase and now seems set to begin improving their bottom line. According to the news article their total revenue grew 495% to $28.8M. Seems they have invested heavily to achieve growth in the Medium to long term. Do your Annual reports indicate how much has been invested into the Company? I think it is exciting that you have a Company literally in its infancy (as far as the business world is concerned). They have invested heavily as they believe they have a unique product. As I said in the Lecture Large companies like Telstra, Optus etc have to abide by Electronic Archiving. They have placed themselves in an expanding market as many large telecommunication corporations are unable to store the amount of Data that is required to be archived.
oh wow ! Thank you so much Ken ! Yes I did notice and know about the significant loss for the first half of 2014; this is obviously due to the expenditure on plants that are in Perth, Brisbane, Canberra, Sydney and Melbourne. Since the company is so new, there is obviously expected loss due to establishment and development of facilities. The revenue incline is interesting and proves that although there may not be much of a market for the every day person, there certainly is one for large organisations. Thank you much again for the article !
Hey Grace, how are you, your chosen company sounds pretty interesting, cant wait to hear all about it :)
ReplyDeleteAmanda x
Thanks Amanda, I'll look at yours now ! :)
DeleteHey Grace, whats up???? sounds like an exciting company :)))
ReplyDeleteHi Grace Wilkins. It's me Myat Myat. your blog is nice. looking forward to read about your company information. by the way, here is my blog myatmyatthinn.blogspot.com.au. Feel free to leave comment. Good luck with your assignment 1.
ReplyDeleteHi Grace,
ReplyDeleteWe spent some time together in Yesterday’s lecture going over the Companies we have been assigned.
Your company is really interesting.
I found this News Article and I hope it will assist you in your assignment:
http://www.arnnet.com.au/article/539334/nextdc_records_loss_it_transitions_development_phase/
To summarise: the news report states that NextDC has posted a $7.3M loss for the first half of the 2014 fiscal year, down from a $4.7M profit at the same time.
However, the revenue jumped from $7.6M to $11.4M.
In February they launched the new centre in Perth. Do your figures for 2012-2013 reflect how much the company invested in the new centre?
Also what I found interesting is that NextDC, it seems, has finished its initial development phase and now seems set to begin improving their bottom line. According to the news article their total revenue grew 495% to $28.8M. Seems they have invested heavily to achieve growth in the Medium to long term. Do your Annual reports indicate how much has been invested into the Company?
I think it is exciting that you have a Company literally in its infancy (as far as the business world is concerned). They have invested heavily as they believe they have a unique product. As I said in the Lecture Large companies like Telstra, Optus etc have to abide by Electronic Archiving. They have placed themselves in an expanding market as many large telecommunication corporations are unable to store the amount of Data that is required to be archived.
I hope this has helped you.
oh wow ! Thank you so much Ken !
DeleteYes I did notice and know about the significant loss for the first half of 2014; this is obviously due to the expenditure on plants that are in Perth, Brisbane, Canberra, Sydney and Melbourne. Since the company is so new, there is obviously expected loss due to establishment and development of facilities. The revenue incline is interesting and proves that although there may not be much of a market for the every day person, there certainly is one for large organisations. Thank you much again for the article !