Megaport Ltd

MP1: XASX (AUS)
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A$55.10KdsqKhgwmgrkx

Megaport Is Making Significant Strides Toward Profitability Without Sacrificing Sales Growth

Business Strategy and Outlook

Demand for software-defined networks, or SDNs, like Megaport offers should grow tremendously in coming years, as enterprises increasingly use cloud services, often with multiple cloud providers. Enterprises typically need to connect their private equipment to cloud partners, and data often needs to be transferred between cloud providers. Software-defined networks allow enterprises to quickly provision capacity through an online portal and flexibly adjust capacity to meet their current needs.

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