Half Year 2022 NEXTDC Ltd Earnings Call Transcript
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(Operator Instructions)
I'd now like to hand the conference over to Mr. Craig Scroggie, CEO and Managing Director. Please go ahead.
Thank you, Mel. Good morning, ladies and gentlemen. Welcome to the NEXTDC results presentation for the first half of financial year '22. I'm joined today by our CFO, Oskar Tomaszewski.
Beginning on Slide 2, we're very pleased to present another set of record results. Revenue of $144.5 million and underlying EBITDA of $85 million giving us the confidence to upgrade our financial year '22 guidance. Contracted utilization increased by 14% to 81 megawatts. Our ecosystem continues to expand growing to more than 15,800 interconnections, up 14% in the past 12 months, and accounting for 7.3% of recurring revenue.
On Slide 3, our results continue to demonstrate the company's strong operating leverage. Underlying EBITDA increased 29% to $85 million. Operating cash flow grew 9% to $69.5 million and building utilization
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